Refer to the graph shown.
A peak occurs when the economy is at point:
A. A.
B. B.
C. C.
D. D.
Answer: D
You might also like to view...
Lizzie's preferences are shown in the figure above. Lizzie definitely prefers consuming ________ to consuming ________
A) 1 comic book and 12 cookies; 4 comic books and 4 cookies B) 2 comic books and 12 cookies; 4 comic books and 8 cookies C) 4 comic books and 12 cookies; 2 comic books and 12 cookies D) 6 comic books and 12 cookies; 8 comic books and 16 cookies
Interest rates increased continuously during the 1970s. The most likely explanation is
A) banking failures that reduced the money supply. B) a rise in the level of income. C) the repeated bouts of recession and expansion. D) increasing expected rates of inflation.
The demand for money varies:
A. inversely with wealth. B. inversely with the liquidity of other financial assets. C. directly with the liquidity of other financial assets. D. not all with the liquidity of other assets since money is liquid.
National income is defined as
a. the total income of a nation's permanent residents minus losses from depreciation. b. the income that households and noncorporate businesses receive. c. the total income earned by a nation's permanent residents in the production of goods and services. d. the income that households and noncorporate businesses have left after satisfying all their obligations to the government.