9. A nation's economy fluctuates instead of growing at a steady pace every year. These fluctuations are
generally referred to as the business cycle. Describe the four different phases of the business cycle.
ANS:
Answer not provided.
PTS: 1 DIF: Easy REF: OBJ: 1-5
NAT: AACSB: Analytic TOP: The Business Cycle
10. What is the difference between monetary policies and fiscal policies? How does each affect the
nation's economy?
ANS:
Answer not provided.
PTS: 1 DIF: Easy REF: OBJ: 1-5
NAT: AACSB: Analytic TOP: The Business Cycle
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