The low point of economic activity during a business cycle is called the

A) trough.
B) recession.
C) peak.
D) failure.


A

Economics

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What will be an ideal response?

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What will be an ideal response?

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The demand curve for a Giffen good is

A) non-existent. B) upward sloping. C) non-linear but downward sloping. D) vertical.

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Which of the following would cause the IS curve to shift to the left?

A) an increase in government expenditures B) a decrease in the money supply C) an increase in domestic investment D) a decrease in taxes

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