A trough is the
A) lower turning point of a business cycle when an expansion begins.
B) lower turning point of a business cycle when a recession begins.
C) upper turning point of a business cycle when an expansion begins.
D) upper turning point of a business cycle when a recession begins.
Question 2
Sweatshirts and tee-shirts are complements in consumption and the price of a sweatshirt increases. As a result, the demand for
A) sweatshirts will increase that is, the demand curve will shift rightward.
B) tee-shirts will increase that is, the demand curve will shift rightward.
C) sweatshirts will decrease that is, the demand curve will shift leftward.
D) tee-shirts will decrease that is, the demand curve will shift leftward.
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