When did the three longest trough-to-peak expansions of the twentieth century occur?
a. between 1900 and 1930
b. between 1930 and 1960
c. since 1960
d. since 1980
c. since 1960
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Use the following figure to answer the next question. 
If box E represents government, box C businesses, and box A households, then flows (11) and (12) would represent
A. net taxes. B. government expenditures. C. resources. D. goods and services.
A firm practicing direct price discrimination will charge a higher price to
a. Consumers with an elastic demand b. All consumers c. Consumers with an inelastic demand d. Consumers with unitary elastic demand
Medicaid is an example of a cash assistance poverty program
a. True b. False Indicate whether the statement is true or false
A system that requires banks to keep 100 percent reserves
a. would reduce the Fed's ability to control the money supply. b. would undermine the effectiveness of reserve requirement changes. c. would increase the Fed's ability to control the money supply. d. could be implemented with little change in bank policy.