Arthur Burns and Wesley Mitchell first described business cycles as ________
A) fluctuations in consumer preferences
B) fluctuations in the price of bicycles
C) fluctuations in aggregate economic activity
D) all of the above
E) none of the above
C
Economics
You might also like to view...
Refer to the scenario above. This implies that the country experienced a ________ during that year
A) trade deficit B) budgetary surplus C) budgetary deficit D) trade surplus
Economics
If the demand for a good decreases as income decreases, then the good is a(n):
A. complementary good. B. normal good. C. substitute good. D. inferior good.
Economics
Assume that the population is 200 million, the labor force is 100 million, and 90 million people are employed. Then, the unemployment rate is
A. 4.5%. B. 5%. C. 9%. D. 10%.
Economics
The AVC curve is curve
A. W.
B. X.
C. Y.
D. Z.
Economics