A business cycle is the period of time in which

there are four phases: peak, recession, trough, and expansion

Economics

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The price of a seller's product in perfect competition is determined by

A) the individual seller. B) the individual demander. C) market demand and market supply. D) a few of the sellers.

Economics

Social regulation is focused on all of the following EXCEPT

A) the impact of production on the environment and society. B) better working conditions, and safer and better products. C) a better quality of life through a less polluted environment. D) ensuring costs are minimized and benefits are maximized.

Economics