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What do economists call the highest point of an economic expansion? A. peak B. trough C. apex D. summit
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Asked 1/9/2013 8:59:37 AM
Updated 3/6/2016 12:48:59 AM
1 Answer/Comment
This answer has been confirmed as correct and helpful.
Edited by yumdrea [3/6/2016 12:48:56 AM], Confirmed by yumdrea [3/6/2016 12:48:58 AM]
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User: What do economists call the highest point of an economic expansion? A. peak B. trough C. apex D. summit

Weegy: Peak is the highest point of economic expansion.
onefastgirl|Points 557|

User: Define the term recession. A. a shortened economic trough B. a prolonged economic contraction C. a shortened economic expansion D. a prolonged period of stagflation

Question
Asked 1/9/2013 8:59:37 AM
Updated 3/6/2016 12:48:59 AM
1 Answer/Comment
This answer has been confirmed as correct and helpful.
Edited by yumdrea [3/6/2016 12:48:56 AM], Confirmed by yumdrea [3/6/2016 12:48:58 AM]
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The term recession is: a prolonged economic contraction.

Added 3/6/2016 12:48:59 AM
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Questions asked by the same visitor
Which economist theorized that depression will occur when the economic cycle is broken? A. Adam Smith B. Jules Dupuit C. Alfred Marshall D. John Maynard Keynes
Weegy: C. Alfred Marshall (More)
Question
Updated 6/30/2016 4:01:16 PM
1 Answer/Comment
John Maynard Keynes theorized that depression will occur when the economic cycle is broken.
Added 6/30/2016 4:01:10 PM
This answer has been confirmed as correct and helpful.
Define the term savings as it is used in economics. A. income that is not used for consumption B. money that is spent during a depression C. revenue that is stored for later consumption D. profit that is used for capital deepening
Weegy: C. revenue that is stored for later consumption (More)
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Expert Answered
Updated 3/9/2017 12:15:35 AM
1 Answer/Comment
The term savings as it is used in economics is income that is not used for consumption.
Added 3/9/2017 12:15:33 AM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [3/9/2017 1:23:34 PM]
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