The above diagram is best described as an idealized:
A. prosperity cycle.
B. recession cycle.
C. business cycle.
D. cyclical variation.
Answer: C
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Financial intermediaries are institutions that facilitate the movement of funds from savers to investors because they
A) guarantee positive returns on investments. B) eliminate the costs of negotiating such transactions. C) eliminate risks. D) provide liquidity.
In the long-run, a firm in monopolistic competition has
A) a price that exceeds its average total cost. B) a price that exceeds its marginal cost. C) an average total cost that exceeds its price. D) a marginal cost that exceeds its price.
In the above figure, if the market is unregulated, the equilibrium quantity is
A) 0 units. B) 70 units. C) 80 units. D) 100 units.
Employees of brokerage firms that rely on forecasting future profits of firms in order to forecast future stock prices are called
A) rational analysts B) adaptive analysts C) technical analysts D) fundamental analysts