VCE Eco Economic growth and AD Flashcards

VCE Eco Economic growth and AD

0 / 25

Question

What does the trend in Australia's unemployment rate between mid 2020 and mid 2022 tell you about the business cycle?

Answer

The trend is decreasing- the Australian business cycle was expanding

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Card 1 of 25

VCE Eco Economic growth and AD

0 / 25

Question

Answer

The trend is decreasing- the Australian business cycle was expanding

Know itStill learning

Card 1 of 25