Business Cycle Turning Points Are

question 44

Multiple Choice

Business cycle turning points are

• A) unaffected by, and unrelated to the multiplier.
• B) easy to predict.
• C) brought about by changes in autonomous expenditures that are then subject to the multiplier effect.
• D) None of the above is correct.

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Definitions:

Revenue Journal

A financial journal used to record specific types of revenue transactions, detailing the source and amount of income.

Customer Account

is a financial account that records the transactions, balance, and other financial interactions between a business and its customer.

Revenue Journal

A specialized accounting journal where a business records its revenue transactions.

Cash Sales

Transactions in which goods or services are exchanged for immediate payment in the form of cash or its equivalents.