Refer to Figure 11-5. The vertical difference between curves F and G measures

Turning points in business cycles occur when

A) a new business cycle is initiated at the trough. B) the economy hits the peak or trough in the business cycle. C) the business cycle begins to follow a new pattern that differs from previous business cycles. D) a new business cycle is initiated at the peak.

Which of the following topics is most appropriately studied in a microeconomics course?

A. How the presidential candidates' tax plans might affect economic growth B. Why unemployment is so low and inflation has not accelerated C. The decision by a nurse to change professions D. When the next recession will arrive