During the expansion phase of the business cycle

A) employment decreases. B) unemployment increases.
C) production increases. D) income decreases.

C

Economics

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If consumers believe the price of iPads will decrease in the future, this will cause the demand for iPads to decrease now

Indicate whether the statement is true or false

Economics

A good would not be very suitable to use as money if it

a. is portable because it is needed as a store of value b. is divisible because each unit of money should have the same value c. is scarce because we need more money as the economy grows d. is commonly accepted as a medium of exchange because everyone will hoard it e. lacks uniformity because the money supply would be of varying quality and people will hoard the preferred money and circulate only the less preferred

Economics