A phase in the business cycle in which real GDP declines, inflation moderates, and unemployment emerges is known as a

a. recession
b. depression
c. downturn
d. peak
e. trough

C

Economics

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The saving function is

A) cY. B) Y - T. C) (1 - c)(Y - T). D) -a + (1 - c)(Y - T).

Economics

What are the main characteristics that make it more likely for a cartel to enforce agreements among participating members?

What will be an ideal response?

Economics