Ashford eco 203 week 2 quiz (new)

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1.

Question :

The term “recession� refers to a

2.

Question :

Who is NOT a loser in inflation?

3. Question : The transfer of funds from savers to business investors takes place in the 4. Question : sloping, then 5.

Question :

If taxes increase and the AS curve is upward

The turning points of the business cycle are called


6. Question : business cycle,

As an economy recovers from a trough in the

7. Question : new job is called

Short-term unemployment while searching for a

8. Question : discussing

Economists use the phrase "business cycle" when

9. Question : use their income?

In the circular flow model, how can households

10. Question : The curve that shows quantities of total real output that will be offered for sale at various price levels is called the



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