Which of the Following Is Correct

question 344

Multiple Choice

Which of the following is correct?

• A)Over the business cycle consumption fluctuates more than investment.
• B)Economic fluctuations are easy to predict.
• C)During recessions sales and profits tend to fall.
• D)Because of government policy the U.S. has suffered no recessions in the last 25 years.

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Definitions:

Agreement

A mutual understanding or arrangement, often formalized in a contract, between two or more parties to perform or refrain from performing particular acts.

Reasonable Value

The fair or market value of a service or item, considered to be value as determined by what a willing buyer would pay to a willing seller in an arms-length transaction.

Workmanlike Manner

The expectation that services or work performed will meet the standards set by skilled individuals in that trade or industry.

Satisfaction

in legal terms means the fulfillment or discharge of an obligation, such as the repayment of a debt, resulting in the termination of the obligation.