Which of the following would indicate the beginning of a recessionary phase in an economy?

Explain how the S-curve reflects the typical nature of complementarities?

What will be an ideal response?

Which of the following best describes the "invisible hand" concept?

A. Ample regulation of business by the government will maximize the public's best interests B. The market system works best when resources are free to move from one use to another C. The problem of scarcity can best be overcome in a system of mixed capitalism D. Self-interest in a market system will automatically promote the public interest as well