The phase of the business cycle characterized by rising output is called a(n)

a. peak
b. recession
c. depression
d. trough
e. expansion


E

Economics

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Trade-offs can always be considered in terms of opportunity costs.

Answer the following statement true (T) or false (F)

Economics

The Fed can attempt to increase the federal funds rate by

A) selling government bonds, which increases the money supply. B) selling government bonds, which decreases the money supply. C) buying government bonds, which increases the money supply. D) buying government bonds, which decreases the money supply.

Economics

What limits the quantity of money that the banking system can create?

What will be an ideal response?

Economics

Profit per unit can be expressed as price - cost per unit

a. True b. False Indicate whether the statement is true or false

Economics