For the Past Several Months, Per Capita Output Has Increased

question 105

Multiple Choice

For the past several months, per capita output has increased at a slower and slower rate. Over the same period, the unemployment rate has been falling, but it appears that both have leveled off. Where in the business cycle is the economy?

• A) peak
• B) recession
• C) trough
• D) expansion

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Definitions:

Supreme Court

The highest federal court in the United States, which has the ultimate appellate jurisdiction over all federal and state court cases that involve a point of federal law.

Fundamentalists

Individuals or groups who advocate for a strict and literal interpretation of religious texts and doctrines, often in opposition to modernist or secular views.

Prohibition

The act of formally forbidding something by law, such as the historical ban on the production and sale of alcoholic beverages in the United States from 1920 to 1933.

Immigration

The act of moving to a country that is not one's native country with the intention to settle there.