The high point in the business cycle is referred to as the
A) turning point.
B) peak.
C) boom.
D) trough.
B
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Referring to a bank's t-account, equity refers to
A) the difference between total assets and total liabilities. B) the sum of total assets and total liabilities. C) the ratio of the total assets and total liabilities. D) none of the above.
Monetarists are in favor of
a. inflation targeting. b. interest rate targeting. c. output targeting. d. nominal income targeting. e. money growth targeting.
Compare and contrast NAFTA and the EU in terms of the types of agreements that they are, the institutions that operate under the agreement, and the long term goals of the arrangements
What will be an ideal response?
The long-run aggregate supply curve of an economy corresponds to
A) a point inside the production possibilities curve. B) a point outside the production possibilities curve. C) a point on the production possibilities curve. D) none of the above: there is no relationship between the long-run aggregate supply curve and the production possibilities curve.