In the expansion phase of a business cycle:
A. The inflation rate decreases, but productive capacity increases
B. The inflation rate and productive capacity decrease
C. Employment increases, but output decreases
D. Employment and output increase
D. Employment and output increase
You might also like to view...
A corporation is a firm owned by
A) two or more owners who have unlimited liability. B) a single owner who has unlimited liability. C) at least 20 stockholders who have partially limited liability. D) stockholders who have limited liability.
Use the above figure. The total profit earned by this monopolistically competitive firm is
A) $2,560. B) $1,600. C) $480. D) $1,900.
The fundamental criticism from the efficiency perspective of AFDC and other antipoverty programs is that
a. they do not help families with unemployed fathers. b. the benefits are too low. c. they offer disincentives to earning income. d. the tax on this income is too low.
A move from E to F represents
A. an increase in quantity demanded.
B. a decrease in quantity demanded.
C. an increase in demand.
D. a decrease in demand.