The business cycle describes the
A) progression of an industry's structure from monopoly to perfect competition.
B) progression of an industry's structure from perfect competition to monopoly.
C) expansion and contraction of an individual industry within the economy.
D) expansion and contraction of economic activity in the economy as a whole.
Correct Answer:
Verified
Q3: Average labour productivity is
A)the amount of workers
Q4: During recessions,the unemployment rate _ and output
Q5: Canadian exports are goods and services
A)produced abroad
Q6: An open economy is a national economy
Q7: Canadian imports are goods and services
A)produced abroad
Q8: The two major reasons for the tremendous
Q8: A country is said to be experiencing
Q10: A country has a trade surplus when
A)imports
Q11: The highest and prolonged period of unemployment
Q40: A country has a trade deficit when
A)imports
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