A long and deep recession in the business cycle is:
a. unemployment.
b. a trough.
c. a recession.
d. a depression
e. unavoidable.
d
Economics
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A flat tax which does allow deductions for investment spending is a type of
A) investment tax. B) excise tax. C) luxury tax. D) consumption tax.
Economics
The textbook points out that rent controls have
A) benefited upper-income or existing tenants. B) had no effect on the market for housing. C) greatly benefited the homeless. D) attracted increases in low-income housing.
Economics