The period of the business cycle which follows the trough is the
A) recession.
B) expansion.
C) peak.
D) All of the above may follow the trough.
B
Economics
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Suppose the population of Tiny Town is 100 people and the working age population is 70. If 10 of these people are unemployed, the unemployment rate in Tiny Town is
A) 10 percent. B) 10/70 × 100. C) 10/80 × 100. D) There is not enough information provided to calculate the unemployment rate.
Economics
The financial sector is very important to the economy.
Answer the following statement true (T) or false (F)
Economics