The business cycle consists of four phases. In sequence, they are prosperity,
a. recovery, recession, and downturn
b. recovery, downturn, and recession
c. upturn, downturn, and recession
d. downturn, recovery, and recession
e. downturn, recession, and recovery
E
Economics
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As opportunity cost of holding money increases, people can
A) do nothing. B) increase the demand for money but not the quantity of money they hold. C) find a better job. D) try to maximize marginal benefit. E) seek substitutes for money.
Economics
The Q-theory of investment is based on high investments being funded by high stock prices of a company
Indicate whether the statement is true or false
Economics