Business cycles are
a. alternating periods of expanding and contracting economic activity, which are usually illustrated using movements in real gdp.
b. all roughly the same in duration and severity.
c. alternating periods of smoothly expanding and contracting economic activity, which are usually illustrated using movements in nominal gdp.
d. alternating periods in which real gdp increases in an expansion to a business cycle trough and then decreases in a recession to a business cycle peak.

Partnerships are the most common type of business firms in the world. t/f

Which of the following best describes vertical integration? a. produce goods or services previously purchasedb. develop the ability to produce products that complement the original productc. develop the ability to produce the specified good more efficiently than befored. build long term partnerships with a few supplierse. sell products to a supplier or a distributor

Suppose the government decides to issue a new savings bond that is guaranteed to double in value if you hold it for 20 years. assume you purchase a bond that costs $25. a. what is the exact rate of return you would earn if you held the bond for 20 years until it doubled in value? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.) b. if you purchased the bond for $25 in 2017 at the then current interest rate of .27 percent year, how much would the bond be worth in 2027? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) c. in 2027, instead of cashing in the bond for its then current value, you decide to hold the bond until it doubles in face value in 2037. what annual rate of return will you earn over the last 10 years? (do not