Author Question: Which of the following is true of a recessionary period? a. It is usually accompanied by an ... (Read 40 times)

KWilfred · **on:** Jun 30, 2018

Which of the following is true of a recessionary period?
a. It is usually accompanied by an improvement in the value of an economy's currency.
b. It is usually accompanied by low levels of inflation.
c. It is usually accompanied by a dramatic decline in the stock of inventories.
d. It usually lasts for a few months.
e. It leads to a drastic decline in government spending.

Question 2

Which of the following is a characteristic of an oligopoly?
a. Mutual interdependence in pricing decisions.
b. Independent pricing decisions.
c. Lack of control over prices.
d. All of these are true.