During a Business Cycle Expansion,total Production ________ and Total Employment

question 11

Multiple Choice

During a business cycle expansion,total production ________ and total employment ________.

• A)increases; increases
• B)increases; decreases
• C)decreases; increases
• D)decreases; decreases

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Definitions:

Net Income

The remaining earnings of a company after deducting all expenses and taxes from the gross revenues.

Net Income

The total profit of a company after accounting for all costs and expenses, including taxes and operational expenses.

Accrued Revenues

Revenues that have been earned but not yet received in cash or recorded at the statement date.

Accounting Period

A specific period of time for which financial accounts are prepared, commonly a year or a quarter.