The period between the trough and the peak of a business fluctuation is called
A. the spreading out.
B. the expansion.
C. the development.
D. the growth phase.
Answer: B
You might also like to view...
Suppose the price of water rose sharply. Other things constant, what is the least likely to occur?
A) People will consume less water. B) Fewer swimming pools will be filled with water. C) More high-pressure showerheads will be sold. D) The demand for water will fall.
A perfectly competitive apple farm produces 1,000 bushels of apples at a total cost of $36,000. The price of each bushel is $50. Calculate the firm's short-run profit or loss
A) profit of $50,000 B) loss of $14,000 C) profit of $14,000 D) There is insufficient information to answer the question.
A monetarist would argue that
A) small changes in M could be offset by changes in V and not cause changes in P. B) changes in M in the short run can cause Real GDP to fall. C) prices and wages are flexible. D) b and c E) a, b and c
Which statement is true?
A. Shutting down is a long run option. B. Going out of business is a short run option. C. Continuing to operate is a short run option.