The U.S. economy is experiencing falling output, falling employment, falling incomes and rising unemployment. These conditions best describe a business cycle ________

A) peak B) expansion C) recession D) trend E) trough

C

Economics

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"Other things remaining the same, if the price of a good rises, the quantity supplied of that good increases." This sentence describes a

A) shift of a supply curve. B) shift of the price curve. C) movement along a supply curve. D) movement along the price curve. E) movement along the quantity curve.

Economics

A government program that attempts to stimulate domestic production of a good in which the country has a natural comparative advantage because of its domestic resources is an example of a(n) ________ policy

A) primary-export-led B) import-substitution development C) outward-looking development D) linkage-effect

Economics