The supply curve slopes upward when graphed against ________, ...

[iveyjurea]

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?

[ky860224]

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]

TYSM

[nathang24]

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