The business cycle depicts
A) fluctuations in the general price level.
B) the phases a business goes through from when it first opens to when it finally closes.
C) the evolution of technology over time.
D) short-run fluctuations in output and employment.
Correct Answer:
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Q2: Which of the following is used to
Q2: Unemployment describes the condition where
A) equipment and
Q3: In making international comparisons of living standards
Q6: Why are high rates of unemployment of
Q8: Before the period of modern economic growth,
A)
Q8: Which of the following countries would economists
Q9: The term "recession" describes a situation where
A)inflation
Q10: When economists refer to "investment," they are
Q20: If the prices of all goods and
Q30: Savings are generated whenever
A) prices are rising.
B)
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