Some economists prefer to use the term business fluctuations rather than business cycles to describe the historical growth record in the United States because:
A. Cycles include a trough phase while fluctuations do not
B. Cycles imply regularity while fluctuations do not
C. Fluctuations include an expansion phase while cycles do not
D. Fluctuations are relatively predictable events
B. Cycles imply regularity while fluctuations do not
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Describe briefly how the final value of an iPhone must be equal to the sum of incomes generated by the production of the iPhone
What will be an ideal response?
Differences in the amounts and quality of education and training:
A. combine with differences in mental, physical, and aesthetic talents to produce income inequality. B. explain none of the income inequality in the United States. C. explain nearly all the income inequality in the United States. D. have lessened in the United States in the past decade, sharply reducing income inequality.