Multiple Choice
The American Dream of upward mobility is linked to peaks in the business cycle.Once the peak is reached,however,the economy turns down because too large a surplus of goods has been produced.This is due in part to______________,which refers to a sustained and continuous increase in prices.
A) a trough
B) a recession
C) inflation
D) expansion
Correct Answer:

Verified
Correct Answer:
Verified
Q21: _ combines elements of a market economy
Q22: _ occurs as a result of lower
Q23: Trace the development of labor unions and
Q24: Due to the extremely high unemployment rates
Q25: A worker who earns 65 cents an
Q27: All of the following are distinctive features
Q28: A_is a group of employees who join
Q29: Describe capitalism from the contemporary world economic
Q30: There is really not much difference between
Q31: Discuss the conflict perspective on economy and