The recovery phase of the business cycle ends when
A. we reattain the level of the previous peak.
B. we reattain the level of the previous trough.
C. we go into the next recession.
D. we are back at full employment.
A. we reattain the level of the previous peak.
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Controls on GHG emissions from mobile sources
a. have been in place in the United States since the Clean Air Act of 1970 b. were recently established by the EPA and the National Highway Traffic Safety Administration (NHTSA) c. are implemented solely through CAFÉ standards issued by the EPA d. apply solely to heavy-duty trucks and rail transport vehicles
The purchase of an airplane produced in the United States by the government of Thailand is included in
A) U.S. imports. B) U.S. government purchases. C) U.S. exports. D) Thailand government exports.
Whirlpool Corporation buys steel in sheets to manufacture refrigerators. Whirlpool also buys a new factory and a metal press to mold the steel. Which purchases are included in GDP?
a. the steel b. the steel, the factory, and the metal press c. the factory and the metal press d. the steel and the metal press
An appreciation of the U.S. dollar relative to the Japanese yen causes
A) a lower dollar-price of Japanese goods which induces the U.S. to increase their purchasing of Japanese goods. B) the quantity demanded of U.S. dollars to increase because the Japanese want to buy more U.S. goods. C) the Japanese to buy more U.S. goods, causing the dollars to appreciate further. D) the U.S. to buy less Japanese goods, causing the U.S. to depreciate.