Which of the following reflects a “boom” phase in a capitalist economy?
a. production increas...
Which of the following reflects a “boom” phase in a capitalist economy?
a. production increases and spending on goods is low.
b. employment, profits, and incomes are high.
c. demand is high, supply is high, and employment is low.
d. employment, profits, and incomes are low.
Answers: 2
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