Changes in business activity are
A. referred to as the ebb and flow of business.
B. caused by the changing seasons every year.
C. always undesirable.
D. referred to as business fluctuations.
Answer: D
Economics
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During the Great Inflation of the 1970s, (a) the growth rates of M1 and M2 were higher than previously, and (b) the growth rate of M2 was much higher than the growth rate of M1
Explain how the high inflation of the decade relates to each of these facts.
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Economic rents are useful because
A) they increase the income of the owner. B) they make it easy to calculate opportunity cost. C) resources will go to their most efficient use. D) they increase tax revenue.
Economics