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Author Question: The supply curve slopes upward when graphed against ________, because of ________. A) the price ... (Read 35 times)

iveyjurea

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on: Jun 29, 2018
The supply curve slopes upward when graphed against ________, because of ________.
 
  A) the price of the good; increasing marginal cost
  B) the price of the good; decreasing marginal cost
  C) income; increasing marginal cost
  D) income; decreasing marginal cost

Question 2

What is a business cycle?
 
  What will be an ideal response?


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ky860224

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

The business cycle is the recurrent but irregular upward and downward movements in production and jobs. A downward movement is called a recession and an upward movement is called an expansion. At the top of the cycle, when an expansion gives way to a recession, is a peak. At the bottom of the cycle, when a recession gives way to an expansion, is a trough.


iveyjurea

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Reply 2 on: Jun 29, 2018
:D TYSM

LegendaryAnswers

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Reply 3 on: Yesterday
Wow, this really help

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