Which one of the following statements is NOT true concerning the business cycle?

Group of answer choices

C. Indicates fluctuations in the level of unemployment

E. Indicates fluctuations in customer spending

D. Greater fluctuations indicate good economic performance

B. Indicates fluctuations in production levels for organizations

A. Shows the continuous cycle of prosperity, recession, and recovery

Which one of the following actions could the FED take in order to increase the money supply and stimulate the U. S. economy during a recession?

Group of answer choices

A. Lower the prime (discount) rate or interest rate charged to banks

D. Raise the deposit requirement

C. Reduce the currency to gold ratio requirement

B. Raise the prime (discount) rate or interest rate charged to banks

E. Print additional currency

Which of the following is NOT one of the rights critical to the operation of capitalism and available to citizens living in a private enterprise economy?

Group of answer choices

C. Right or freedom to make own choices on employment, investments, etc.

D. Right to fair competition without price fixing, espionage, or sabotage

B. Right to government ownership of property

A. Right to own private property

E. Right to own a business and keep all profits after taxes

Which one of the following phases of the business cycle is characterized by a decrease in spending by consumers, a slowdown in production for most organizations, and an increase in the unemployment rate for a temporary or short-term period?

Group of answer choices

C. Recession

D. Progression

A. Depression

E. Recovery

B. Prosperity

Which one of the following is NOT an accurate description of the equilibrium price?

Group of answer choices

E. The point where there is no surplus or shortage

B. The cheapest price based on the cost to produce

C. The intersection of the supply curve and the demand curve

A. The point where quantity demanded equals quantity supplied

D. The prevailing market price

Which one of the following is happening if the price of lemons goes up due to increased consumption based on research that lemons could reduce the risk of developing cancer?

Group of answer choices

B. Demand-pull inflation

D. Competition

C. Structural inflation

E. Macroeconomics

A. Cost-push inflation

The relationship between the price of a product and the quantity demanded by customers is _____________.

Group of answer choices

E. Unrelated

B. Depends on the customer

A. Depends on the product

C. Direct

D. Inverse

Which one of the following statements is NOT true about Capitalism or a Private Enterprise System?

Group of answer choices

E. Guarantees a profit for organizations

A. Improves the quality of products and services

B. Limits government interference in business

D. System is based on competition

C. Rewards ability to perceive and meet customers needs