____________ is the change in total cost that results from a one unit increase in output

If the federal government where to raise the income tax rates, would this have any impact on a state's cost of borrowing funds? Explain

What will be an ideal response?

Economic activity moves from a trough into a period of ________ until it reaches a ________ and then into a period of ________.

A. recession; peak; expansion B. recession; trough; expansion C. expansion; trough; recession. D. expansion; peak; recession