A theory is an untested assertion of alleged fact.
Answer the following statement true (T) or false (F)
False
Economics
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The business cycle has two phases,
A) expansion and peak. B) recession and trough. C) peak and trough. D) recession and expansion. E) expansion and trough.
Economics
One of the consequences of inflation between 1950 and the 1970s was ________
A) a large increase in the federal deficit as a percentage of GDP B) a relaxation of the government budget constraint C) an increase in the dependency ratio D) a reduction in the ratio of debt to GDP
Economics