According to the article, the best description of Canada's position in the business cycle is
A) at a peak.
B) at a trough.
C) in an expansion.
D) in a recession.
A
You might also like to view...
According to two economists, George Ackerlof and William Dickens, how can cognitive dissonance affect workers' perceptions of their jobs?
A) Cognitive dissonance causes workers to perceive they are victims of discrimination when, in fact, they are not. B) Cognitive dissonance might cause workers to underestimate the true risks of their jobs. C) Cognitive dissonance makes workers believe that measures to improve their health and safety in the workplace are ineffective. D) Cognitive dissonance causes a worker to believe his marginal revenue product is greater than it really is.
What do economists mean when they characterize households and firms as forward looking?
What will be an ideal response?
Use the aggregate expenditures model and the following values to answer the next question. AMPCIGT$7500.5$1,000$1,000$500Determine equilibrium real GDP for this economy.
A. $5,000 B. $5,500 C. $4,000 D. $4,500
Tatiana observes that all of her friends who have more than five tattoos also have more than five body piercings, and concludes that getting multiple tattoos makes people also get multiple piercings. Tatiana is
A. correct in her analysis. B. describing regression discontinuity. C. confusing correlation and causation. D. describing difference-in-differences.