17) The phase of business cycle during which business confidence in the economy is at its lowest is known as: A. Peak C. Recovery B. Depression D. Contraction 18) Which one of the following suggested that Central Banks primary focus on the growth of money supply: A. Classical economics. C. Keynesian economics B. Monetarist economics D. New Keynesian economics 19) find price when total revenue equals 150 and output equals 2 A. 45. B.75. C. 65. D. 300 20) Macroeconomics deals with: A. supply and demand of individual goods. B. Unemployment and inflation at the national level C. Price determination in specific market.

17) The phase of the business cycle during which business confidence in the economy is at its lowest is known as:<br />B. Depression<br /><br />18) Which one of the following suggested that Central Banks primary focus on the growth of money supply:<br />B. Monetarist economics<br /><br />19) To find the price when total revenue equals 150 and output equals 2, we need to use the formula for total revenue, which is price multiplied by quantity. So, the price can be calculated as total revenue divided by output. In this case, the price would be 150 divided by 2, which equals 75.<br />B. 75<br /><br />20) Macroeconomics deals with:<br />B. Unemployment and Inflation at the national level