Author Question: Which of the following observations concerning phases of a business cycle is incorrect? a. The ... (Read 232 times)

BRWH

  • Hero Member
  • *****
  • Posts: 553
Which of the following observations concerning phases of a business cycle is incorrect?
 a. The maximum amount of unemployment occurs exactly at the trough.
  b. The expansion phase is measured from the trough to the peak.
 c. The trough is the point in time when output stops declining.
 d. The contraction phase is also called recession.

Question 2

In the expansion phase of the business cycle
 a. output is rising.
 b. unemployment is falling.
 c. consumer and business confidence is high.
  d. all of the above are true.



harveenkau8139

  • Sr. Member
  • ****
  • Posts: 304
Answer to Question 1

a

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

For a complete list of videos, visit our video library