Recessions begin at ________ and end at ________.
A. the highest unemployment rate; the lowest unemployment rate
B. a trough; a peak
C. a peak; a trough
D. the lowest unemployment rate; the highest unemployment rate
Answer: C
Economics
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A goal of expansionary monetary policy is to:
A) decrease the rate of growth of real GDP. B) increase the rate of growth of real GDP. C) increase inflation. D) none of the above.
Economics
In the absence of any government regulation on price, if a firm has no power to set price on its own, one can safely conclude
A) the demand curve for the firm's product is horizontal. B) there aren't many firms in the industry. C) the market is in long-run equilibrium. D) the firms in this industry are not profitable.
Economics