Which of the following are parts of the business cycles?
A) peak and potential GDP
B) real GDP and potential GDP
C) recession and expansion
D) inflation and recession
C
Economics
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Total fixed cost is
A) the cost of buying and installing new machinery. B) the cost that does not change as output changes. C) the expenditure on imported raw materials. D) the wages paid to consultants.
Economics
In the modern U.S. economy, most transactions are made with
A. cash. B. gold and silver. C. credit cards. D. checking deposits.
Economics