The phase of the business cycle that follows a recession is known as the:
A. peak.
B. recession.
C. recovery.
D. trough.
Answer: D
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In the United States in 2013, the Bureau of Economic Analysis began counting spending on research and development as ________, which counts as a part of GDP
A) intermediate goods B) investment C) consumption D) depreciation
Elimination of minimum brokerage commission rates occurred because of
A) competition from banks. B) demands of institution investors. C) competition from foreign brokerage firms. D) an action of the Securities and Exchange Commission.
Figure 4-25
Refer to . The tax causes a reduction in consumer surplus that is represented by area
a.
A.
b.
B + C.
c.
D + E.
d.
F.
If marginal utility is rising, then total utility must be falling.
Answer the following statement true (T) or false (F)