Persistence is
A. the tendency for declines in economic activity to be followed by further declines, and for growth in economic activity to be followed by more growth.
B. the idea that peaks and troughs of the business cycle occur at regular intervals.
C. the idea that the standard pattern of contraction-trough-expansion-peak occurs again and again in industrial economies.
D. the tendency of many economic variables to move together in a predictable way over the business cycle.
Answer: A
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American unions came under increasing pressure in the 1950s because of stronger competition both at home and abroad
a. True b. False Indicate whether the statement is true or false
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a. $7. b. $70. c. $700. d. We do not have enough information to answer this question.
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