The industries or sectors of the economy in which business cycle fluctuations tend to affect output most are
A. clothing and education.
B. capital goods and durable consumer goods.
C. military goods and capital goods.
D. services and nondurable consumer goods.
Answer: B
Economics
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When the Fed conducts an open market sale, it
A) raises interest rates and increases the money supply. B) raises interest rates and reduces the money supply. C) lowers interest rates and reduces the money supply. D) lowers interest rates and increases the money supply.
Economics
The United States is guilty of dumping on the international market because of the
A. superior technology. B. high availability of capital. C. highly educated workforce. D. agricultural subsidies.
Economics