a business cycle, a trough is immediately followed by a(n): Group of answer choices peak. recession. depression. expansion.

If real GDP grows by 8% and population grows by 12%, then... a) the economy is in a recession b) inflation rate is stable c) standard of living is decreasing d) unemployment rate is increasing

Which one of the following is not a cause of recovery? O decrease in prices Increase in spending O increase in output Increase in employment O Increase in income

If production of a good increases from 45 to 117, what is the percentage change in the quantity produced?  Enter a number rounded to two decimal places.  Do not enter a percent (%) sign.

Questions #4 wasn't answered  4. Consumer income falls because of a recession

The high cost of oil has caused an increase in the price of plastic. (Plastic is made from petroleum). Bottled water companies now have to pay more for each bottle they use, in return they are now charging more per bottle of water. This would be   The paradox of thrift Energy consumption disequilibrium Demand pull inflation Cost push inflation None of the above

Which of the following is true about ARIMA models A. ARIMA models cannot be used for seasonal data B. ARIMA models are always better than other forecasting models C. ARIMA models include three parts, AR, MA, and I D. None of the above

Question 43 In a business cycle, a period from trough to peak may be referred to as a recurrence a contraction an expansion all of the above none of the above

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Problem: Imagine you have two competing athletes who have the option to use an illegal and dangerous drug to enhance their performance (i.e., dope). If neither athlete dopes, then neither gain an advantage. If only one dopes, then that athlete gains a massive advantage over their competitor, reduced by the medical and legal risks of doping (the athletes believe the advantage over their competitor outweighs the risks from doping ). However, if both athletes dope, the advantages cancel out, and only the risks remain, putting them both in a worse position than if neither had been doping. What outcome do we expect from these two athletes?   Please use ideas like concepts of monopolies, Oligopolies and Game Theory and Factor markets for this scenario.