The top of the business cycle is called:

A. a peak.
B. a growth trend.
C. a recession.
D. an upturn.


Answer: A

Economics

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In 1986, the base year, GDP was 4000. In 1989 the GDP deflator was 115. We may conclude that

A.there was some inflation between 1986 and 1989. B. there was some deflation between 1986 and 1989. C. real GDP declined between 1986 and 1989. D. GDP declined between 1986 and 1989.

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Agricultural prices fell during each of these periods EXCEPT

A. 1865-1900. B. 1900-1919. C. 1929-1933. D. There is no exception. Agricultural prices fell in all these time periods.

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The information revolution is:

A. putting upward pressure on wages. B. increasing manufacturing employment. C. changing the nature of employment. D. reducing overall employment.

Economics