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Home Q & A Board Other Fields Homework Help Business Economics
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Sublight2097 Sublight2097
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8 years ago
According to your authors, the "boom" phase of the so-called "business cycle" is
A) caused by an expansionary increase of the money supply.
B) a systematic accumulation of mistakes among businesses and households across the economy.
C) undertaken because business planners miscalculate the expected profitability of their new ventures.
D) ultimately followed by a recessionary "bust" as people begin to correct for the mistakes they've made during the boom phase of the cycle.
E) described correctly by all of the above statements.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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VincenzoDVincenzoD
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8 years ago
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Sublight2097 Author
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#2
8 years ago
I've noticed they use a lot of trickery with their questions. Thank you for your input.
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