What are the four phases of the business cycle.
What will be an ideal response?
The four phases of the business cycle are: expansion, peak, recession, trough.
You might also like to view...
The percentage change in the quantity demanded of film divided by the percentage change in the price of cameras indicates
a. the price elasticity of demand for film b. the price elasticity of demand for cameras c. the price elasticity of supply for film d. the price elasticity of supply for cameras e. nothing, because the two goods fall into the broadly defined category of photographic equipment
Checks are cleared between private banks by:
A. The 12 regional Federal Reserve banks. B. The Executive Branch of government. C. The Federal Reserve Board of Governors. D. State banking commissions.
Which of the following is most likely to reduce the supply of labor?
A. An increase in population B. A decrease in labor productivity C. An increase in the value placed on leisure by workers D. A decrease in the value placed on leisure by workers
For which of the following types of HR decisions would the least detailed job information be required?
A. Legal compliance B. Career paths C. Compensation D. Staffing