The business cycle progresses from an expansion to a peak to a ...

[berenicecastro]

The business cycle progresses from an expansion to a peak to a recession and then to a trough.
 
  Indicate whether the statement is true or false

Question 2

A minimum wage is a government-imposed price ________ that is designed to be ________ the equilibrium wage rate.
 
  A) ceiling; above
  B) ceiling; below
  C) floor; above
  D) floor; below

[akemokai]

Answer to Question 1

TRUE

Answer to Question 2

C

[berenicecastro]

Thanks for the timely response, appreciate it

[chereeb]

Wow, this really help