Which of the following at one time were monopolies because they were the first to enter their field?

The business cycle consists of four phases. In sequence, they are prosperity,

a. recovery, recession, and downturn b. recovery, downturn, and recession c. upturn, downturn, and recession d. downturn, recovery, and recession e. downturn, recession, and recovery

The term federal funds market refers to the market for overnight interbank reserve loans

a. True b. False Indicate whether the statement is true or false