The term "business cycle" most closely refers to the
A) fluctuating profits of firms.
B) fiscal year.
C) accounting period used by firms.
D) alternating periods of expansions and recessions.
D
Economics
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If aggregate planned expenditure is greater than GDP, then
A) the consumption function will shift downward to restore the equilibrium. B) a recession will result. C) inventory investment is larger than planned. D) production is too high. E) inventory investment is smaller than planned.
Economics
Which of the following reduces the money multiplier?
A) Banks loan all their excess reserves. B) Bank customers hold some of the loan proceeds as currency outside the banking system. C) The Fed reduces the required reserve ratio. D) Banks impose a currency drain on bank customers. E) The Fed sells U.S. government securities.
Economics