In a business cycle, a period from trough to peak may be referred to as ________

Economic growth is demonstrated by the LRAS as it

A) becomes more vertical. B) shifts to the left. C) becomes more horizontal. D) shifts to the right.

The Coase solution to the problem of externalities

a. applies in every situation where externalities are present b. only applies to activities that generate positive externalities c. only works under perfect competition d. only works when bargaining costs are low e. can lead to an increase in the common pool problem