Author Question: A trough is the A) lower turning point of a business cycle when an expansion begins. B) lower ... (Read 58 times)

jilianpiloj

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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.



juliaf

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Answer to Question 1

A

Answer to Question 2

D



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juliaf

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