In general, during the business cycle, when economic activity is peaking:
a. interest rates begin to creep higher
b. unemployment levels are low
c. inflation begins to edge higher
d. all of the above
Answer : d. all of the above
Economics
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Technology is:
A) knowledge that can be applied to the production of goods and services. B) generally unlimited in modern economies. C) a graphical illustration of the alternative combinations of goods and services an economy can produce. D) the resources the economy has available to produce goods and services.
Economics
Which statement about public assistance is false?
A. It is aimed solely at the poor. B. It has failed completely. C. It has not ended poverty. D. It has fostered a permanent underclass.
Economics