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Which of the following is a characteristic of prosperity in the peak phase of the business cycle?
stagnant prices
high levels of production
ambivalence about the economy
reduced incomes
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High levels of production.
At the peak of the business cycle output, employment and incomes are high (often with upward price pressure), so production reaches elevated levels.
At the peak of the business cycle output, employment and incomes are high (often with upward price pressure), so production reaches elevated levels.
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