A worse of a recession is called _______ in the business cycle.
a. a downturn
b. a peak
c. a trough
d. an expansion
c. a trough
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Higher education is a ________ and assigned textbooks are ________.
A. want; wants B. want; needs C. need; wants D. need; needs
Why do countries who are members of a currency union have difficulty in recovering from a recession?
What will be an ideal response?
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, an increase in unemployment may be represented by the movement from
A. B to A. B. A to C. C. C to D. D. B to D.
Refer to the graph below. What events would tend to temporarily move the economy from point B2 to C2?
A. A tight monetary policy
B. A contractionary fiscal policy
C. An easy money policy
D. An increase in aggregate supply