When Jobs Are Easy to Find,wage Increases Are Frequently Given,and

question 83

Multiple Choice

When jobs are easy to find,wage increases are frequently given,and businesses are doing well,the economy is most likely in a(n)

• A) expansion.
• B) depression.
• C) recession.
• D) surplus.
• E) shortagE.

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Definitions:

Negotiable

Something that can be discussed or altered in order to reach an agreement; in finance, refers to instruments like checks or bills of exchange that can be transferred to another party.

Optional Payment

A payment made by choice as opposed to requirement, often seen in loan agreements where the borrower may pay more than the minimum due.

Maturity Date

the specific date on which a financial instrument, such as a loan or bond, reaches its expiration and the principal is due to be repaid.

Promissory Note

A financial instrument containing a written promise by one party to pay another a definite sum of money either on demand or at a specified future date.