In the above figure, the distance between points S and T represents
A) an expansion.
B) a trough.
C) a peak.
D) a recession.
D
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In the United States, income taxes are collected from two different sources: households and corporations
Indicate whether the statement is true or false
All else equal, the decrease in the price of complementary products for the Apple Watch, such as Sensoria's wearable technology, would
A) shift the demand curve for the Apple Watch to the left. B) shift the supply curve for the Apple Watch to the left. C) shift the supply curve for the Apple Watch to the right. D) shift the demand curve for the Apple Watch to the right.
Unemployment that develops as old industries die off is known as ________
A) cyclical unemployment B) structural unemployment C) frictional unemployment D) voluntary unemployment
The federal funds rate is the
a. percentage of face value that the Federal Reserve is willing to pay for Treasury Securities. b. percentage of deposits that banks must hold as reserves. c. interest rate at which the Federal Reserve makes short-term loans to banks. d. interest rate at which banks lend reserves to each other overnight.