In Figure 6-3(b), as price falls from $15 to $6, total expenditure
A. falls.
B. increases.
C. remains constant.
D. first falls and then increases.
Answer: B
Economics
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What stage of the business cycle immediately follows the trough?
a. Peak. b. Expansion. c. Recession. d. Depression.
Economics
If actual GDP is less than potential GDP:
A. potential GDP will fall. B. the price level will rise. C. investment spending will fall. D. the actual unemployment rate will be higher than the natural unemployment rate.
Economics