The U.S. economy is experiencing falling output, falling employment, falling incomes and rising unemployment. These conditions best describe a business cycle
A) expansion.
B) peak.
C) trend.
D) recession.
E) trough.
D
You might also like to view...
The average total cost curves for plants A, B, C and D are shown in the above figure. Which plant is best to use to produce 80 units per day?
A) plant A B) plant B C) plant C D) plant D
During Global Financial Crises, housing starts in the US fell by
A) 76%. B) 25%. C) 30%. D) 95%.
Refer to Scenario 10.3. Suppose that a tax of $5 per unit of output is imposed on red herring producers. The price of red herring will
A) not change. B) increase by less than $5. C) increase by $5. D) increase by more than $5. E) decrease.
Midwestern corporation issues bonds. Southern corporation issues stock. Which corporation used equity financing?
a. both Midwestern corporation and Southern corporation b. Midwestern corporation but not Southern corporation c. Southern corporation but not Midwestern corporation d. neither Midwestern nor Southern corporation