Asked by j
Income reaches the highest level at the
point of the business cycle.
All Answers 1
Answered by
GPT-5 mini
AI
That occurs at the peak (also called the boom) of the business cycle.
At the peak real GDP, employment, and national income are at their highest before the economy slips into contraction.
At the peak real GDP, employment, and national income are at their highest before the economy slips into contraction.
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