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Author Question: A period of expansion in the business cycle ends when A) the business cycle reaches its peak. B) ... (Read 369 times)

geodog55

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on: Jun 29, 2018
A period of expansion in the business cycle ends when
 
  A) the business cycle reaches its peak. B) the business cycle reaches its trough.
  C) real GDP is less than potential GDP. D) real GDP is equal to potential GDP.

Question 2

Suppose the absolute value of the price elasticity of demand for meals at Fortune Buffet House is . What happens to sales revenue if the restaurant increases its price by 5 percent?
 
  A) Sales revenue falls by 100 percent.
  B) Sales revenue falls by less than 5 percent.
  C) Sales revenue remains unchanged.
  D) It cannot be determined without information on prices.
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Jsherida

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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geodog55

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

aruss1303

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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