Author Question: During the expansion phase of the business cycle, which of the following eventually increases? A) ... (Read 105 times)

tth · **on:** Jun 29, 2018

During the expansion phase of the business cycle, which of the following eventually increases?

A) income B) production C) employment D) all of the above

Question 2

Refer to Figure 5-7. Which of the following statements is true?

A) The optimal quantity of pollution reduction is QB.
B) The optimal quantity of pollution reduction is QE.
C) At QE the benefits of reducing pollution outweigh the cost of pollution reduction.
D) At QB society is under allocating resources to pollution reduction.