Which of the Following Statements Are NOT True

question 73

Multiple Choice

Which of the following statements are NOT true?

• A)Peaks in the business cycle tend to occur when the capacity-to-output gap is the largest.
• B)Peaks in the business cycle tend to occur when the capacity-to-output gap is the smallest.
• C)Troughs occur when the capacity-to-output gap is the largest.
• D)None of the above.

---

Definitions:

Artisan's Lien

A legal claim granted to craftsmen or workers on a property they have improved or materials they have supplied until they are compensated for their services.

Mechanic's Lien

A security interest granted over an item of property to secure the payment of a debt or performance of some other obligation.

Judicial Lien

A legal claim on property obtained through the court system to secure payment of a debt or judgment.

Suretyship

A contract between a creditor and a third party who agrees to pay another person’s debt.