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What do economists call the lowest point of an economic contraction? A. trench B. peak C. base D. trough
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Asked 1/18/2013 12:45:46 PM
Updated 9/19/2016 7:16:04 AM
1 Answer/Comment
This answer has been confirmed as correct and helpful.
Edited by jeifunk [9/19/2016 7:16:03 AM], Confirmed by jeifunk [9/19/2016 7:16:04 AM]
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User: What do economists call the lowest point of an economic contraction? A. trench B. peak C. base D. trough

Weegy: The lowest point of an economic contraction is called a trough.


User: A period of macroeconomic expansion followed by a period of macroeconomic contraction is called A. the business cycle. B. an economic shift. C. the market state. D. the production flow.

Weegy: A period of macroeconomic expansion followed by a period of macroeconomic contraction is called the business cycle.
dennis003|Points 1000|

User: The ability to purchase goods and services is called A. consumerism. B. wealth distribution. C. price index. D. purchase power.

Question
Asked 1/18/2013 12:45:46 PM
Updated 9/19/2016 7:16:04 AM
1 Answer/Comment
This answer has been confirmed as correct and helpful.
Edited by jeifunk [9/19/2016 7:16:03 AM], Confirmed by jeifunk [9/19/2016 7:16:04 AM]
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The ability to purchase goods and services is called purchase power.
Added 9/19/2016 7:09:22 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [9/19/2016 7:16:07 AM]
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