The pattern of recession, recovery, and expansion is known as the
A. inflationary cycle.
B. economic cycle.
C. business cycle.
D. recession cycle.
Answer: C
Economics
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Most of the day-to-day power in monetary policy decisions lies with
A) the President of the United States. B) the Senate Banking Committee. C) the chairman of the Board of Governors. D) large commercial banks.
Economics
The benefits-received principle of taxation is most evident in:
A. inheritance taxes. B. excise taxes on gasoline. C. the personal income tax. D. the corporate income tax.
Economics