Which of the following best describes a typical business cycle?
A) Economic expansions are followed by economic contractions.
B) Inflation is followed by unemployment.
C) Trade surpluses are followed by trade deficits.
D) Stagflation is followed by inflationary economic growth.
A
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FICA is an example of a payroll tax, which is a tax on the wages that firms pay their workers
a. True b. False Indicate whether the statement is true or false
An investment should be undertaken
A. any time the present value of the expected income stream associated with the investment is positive. B. if the present value of the costs of the investment project exceed the present value of the expected returns from the investment project. C. if the present value of the expected income stream associated with the investment is less than the full cost of the investment project. D. if the present value of the expected income stream associated with the investment is greater than the full cost of the investment project.