The four phases of a business cycle, in order, are trough, depression, peak, and expansion
a. True
b. False
Indicate whether the statement is true or false
False
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China has a trade deficit in services, while India has a trade surplus in services
Indicate whether the statement is true or false
A likely consequence of debt default is: a. a decrease in the federal cost of borrowing
b. an increase in unemployment due to growing uncertainty. c. a sudden decline in the market interest rates. d. an increase in the credit flows in an economy. e. a sudden increase in the investment flows in the economy.
For any given country, the net capital outflows to all other countries equal:
A. net exports to all other countries. B. net capital inflows from all other countries. C. national savings. D. net foreign direct investment to all other countries.
A good in the United States is worth $2,000 and the same good in Mexico is worth 50,000 pesos. This implies that $1 U.S. is worth _____ pesos
a. 25 b. 30 c. 15 d. 24