Consider an Economy in Which Existing Capital Is Being Used

question 62

Multiple Choice

Consider an economy in which existing capital is being used intensively,shortages in labour and goods markets are developing,and costs are rising.Which of the following terms best describes this stage of the business cycle?

• A)trough
• B)recovery
• C)boom
• D)recession
• E)slump

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Definitions:

Operant Conditioning

A learning process where the consequences of an action determine the likelihood of that action being repeated in the future.

Swings

Playground equipment consisting of a seat suspended by ropes or chains, used for moving back and forth.

Negative Reinforcement

A behavioral psychology concept where the removal of an unfavorable outcome or stimulus strengthens a behavior.

Nagging

Persistent and repetitive asking or demanding, often perceived as annoying or bothersome.