The "expansion" of an economy occurs after
A) firms produce more goods. B) a trough.
C) people spend more money. D) an inflationary period.
B
Economics
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The relationship depicted in the above figure is
A) a negative linear relationship B) a positive linear relationship C) a positive becoming less steep relationship D) a positive becoming steeper relationship
Economics
Refer to Figure 11.1. Assume the economy is in equilibrium at 1 = 0. Other things equal, an unexpected large increase in the price of oil will result in a movement from point ________ to point ________
A) A; B B) B; A C) A; C D) A; D
Economics