If relative to prior values of their respective indicators, the inventory-to-sales ratio has risen, unit labor cost is stable, and real personal income has decreased, it is most likely that a peak in...


If relative to prior values of their respective indicators, the inventory-to-sales ratio has risen, unit labor cost is stable, and real personal income has decreased, it is most likely that a peak in the business cycle:


 A. has occurred. B. is just about to occur. C. will occur sometime in the future.

Nov 13, 2021
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