The data shows that total profit in the U.S. economy
A) has decreased steadily over time.
B) is not influenced by the business cycle.
C) tends to decrease in recessions, increase in expansions.
D) tends to increase in recessions, decrease in expansions.
E) tends to increase in even years, and decrease in odd years, although no one can explain why.
C
Economics
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When oligopolistic firms in an industry form a cartel, then it is most likely that
A) both industry output and prices will increase. B) both industry output and prices will decrease. C) industry output will increase while prices will decrease. D) industry output will decrease while prices will increase.
Economics
The value of Best Bank's accounting profits was $35 million.
a. $1,000 b. $100 c. $10 d. $1
Economics