Author Question: The American Dream of upward mobility is linked to peaks in the business cycle. Once the peak is ... (Read 102 times)

laurencescou · **on:** Jul 2, 2018

The American Dream of upward mobility is linked to peaks in the business cycle. Once the peak is reached, however, the economy turns down because too large a surplus of goods has been produced. This is due in part to __________, which refers to a sustained and continuous increase in prices.

a. a trough
b. a recession
c. inflation
d. expansion

Question 2

The largest preindustrial city was __________.

a. Jericho
b. Athens
c. Rome
d. Babylon