Economic activity moves from a period of recession to a ________ and then moves into a period of ________ until it reaches a ________.
A. trough; expansion; peak
B. trough; recession; peak
C. peak; expansion; trough
D. peak; recession; trough
Answer: A
Economics
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The opportunity cost of a good increases as more of it is produced because
A) producing more of a good requires additional resources. B) the number of forgone alternatives also increases. C) resources are not equally productive in all activities. D) people want the good less as more is produced. E) there is no such thing as a free lunch.
Economics
Borrowing VCU3 from an online company cause the nation's:
a. Monetary base to fall. b. M2 money supply to rise. c. M2 money multiplier to fall. d. Monetary base to remain the same.
Economics