Which of the following is NOT a reason why booms and recessions come to an end?
A) there is a basic minimum level of consumption
B) the bandwagon effect
C) governments may change their taxation policy
D) the echo effect
Correct Answer:
Verified
Q4: The fraction of a change in income
Q5: Which of the following is NOT a
Q6: The MPW is:
A) the ratio of income
Q7: When the aggregate expenditure curve is above
Q8: If an economy's MPC is 0.7, then
Q10: Structural unemployment is the:
A) unemployment that results
Q11: If an economy's MPC is 0.8, then
Q12: When total injections are less than total
Q13: The tendency for investment to increase when
Q14: A positive output gap is more likely
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents