The period between a business cycle peak and a business cycle trough is called

The percentage of the people of working age who have jobs is called the ________

A) labor force B) inverse of the unemployment rate C) employment-to-population ratio D) employment-to-working-age-population ratio

According to Revealed Preferences, if a Consumer chooses a more expensive bundle of goods over a cheaper bundle of goods, we can conclude

A) the consumer prefers the more expensive bundle of goods. B) the consumer is behaving irrationally. C) the consumer is unaware of the cheaper bundle of goods. D) the consumer has convex preferences.