An economic expansion rather than a recession occurs
A) when the federal budget is balanced.
B) when the unemployment rate falls below 5 percent.
C) when growth in real GDP is positive.
D) when the unemployment rate is not changing.
C
Economics
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The BP curve is upward sloping if assets are perfectly substitutable
Indicate whether the statement is true or false
Economics
If a price ceiling is set at $10, and the equilibrium market price is $8, then which of the prices below is the price that consumers actually pay?
a. $2 b. $18 c. $10 d. $8
Economics