Question 1.

True/False? a. GDP is highest at the peak as it relates to the business cycle.

b. A consumer is most likely to spend less money at the Trough as it relates to the business cycle.

c. Transfer payments will be made most available at the Trough as it relates to the business cycle.

d. Income will be most likely to be increased by employers at the Peak as it relates to the business Cycle.

e. It is during an expansion in the business cycle that employers are most likely to increase its hiring.

f. The point on the business cycle that follows the peak is the retraction/slowdown.

g. A surplus is graphed above equilibrium.

h. A surplus is graphed below equilibrium.

i. Absolute advantage has an opportunity cost.

j. Positive economics states all of government's predictions.

k. A market economy has many of the characteristics of a capitalist system.

l. The S&D charts apply mostly to a market economy.

m. A command economy is manipulated to serve the needs of the consumer.

n. Al (artificial intelligence) replacing the hours of employment can be categorized as capital.

o. A factory can be categorized as capital.

p. Liquid money can be categorized as capital.

can you answer true or false for each of the following a-p? Thank you!