A recession runs from the
A) peak of the business cycle to its trough.
B) peak of the business cycle to a recovery.
C) expansion of a business cycle to its peak.
D) trough of a business cycle to its peak.
E) trough of a business cycle to its expansion.
A
You might also like to view...
Which of the following is a microeconomic topic?
i. K-Mart's decision to close stores that are not making a profit ii. Home Depot's choice to hire more full-time employees because its sales increased iii. Delta Airlines changes its fares. A) i only B) ii only C) i and iii D) ii and iii E) i, ii, and iii
The concept of vertical equity is that
A. income should be taxed instead of property. B. property should be taxed instead of income. C. there should be little movement up or down the social scale. D. persons who are unequal should be treated unequally.
Which of the following would be a legitimate government activity in the U.S. economy?
A. Enforcing child labor laws. B. The enactment of antitrust laws to protect consumers. C. The regulation of water pollution. D. All of the choices are correct.
If a good is inferior, its
A. Income elasticity of demand is positive. B. Cross-price elasticity is negative. C. Price elasticity of demand is negative. D. Income elasticity of demand is negative.