202.Hmwk.1

202.Hmwk.1 - Econ 202 Macroeconomics Homework on first week...

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Econ 202: Macroeconomics Homework on first week material 1. The phase of the business cycle in which output and employment are at their maximum is called a. Upturn b. Peak c. Downturn d. Trough 2. The phase of the business cycle in which output, employment and prices are falling is called a. Upturn b. Peak c. Downturn d. Trough 3. The phase of the business cycle in which output, employment and prices are rising is called a. Upturn b. Peak c. Downturn d. Trough 4. The phase of the business cycle in which output and employment are at their lowest levels is called a. Upturn b. Peak c. Downturn d. Trough 5. The maximum output and employment that an economy can reach is determined by a. the demand for replacement capital b. the demand for new capital c. the population size and civilian labor force ? d. the money supply 6. The trigger that sends an economy from its peak into a downturn is a. lack of demand for replacement capital b. lack of demand for new capital c. a decline in population size
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This note was uploaded on 04/03/2008 for the course ECON 202 taught by Professor Iforget during the Spring '08 term at Drexel.

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202.Hmwk.1 - Econ 202 Macroeconomics Homework on first week...

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