Which of the following is true of a recessionary period?
A) It is usually accompanied by an improvement in the value of an economy's currency.
B) It is usually accompanied by low levels of inflation.
C) It is usually accompanied by a dramatic decline in the stock of inventories.
D) It usually lasts for a few months.
E) It leads to a drastic decline in government spending.
Correct Answer:
Verified
Q34: A depression can be defined as:
A)a mild
Q35: A period of sustained growth in output
Q36: Which of these is true of the
Q37: Which of the following would indicate the
Q38: Economic fluctuations or business cycles:
A)measure changes in
Q40: Economic fluctuations:
A)are linked,but not perfectly synchronized,across countries.
B)are
Q41: Identify the correct statement.
A)If the price level
Q42: A fall in the price level will:
A)cause
Q43: By a leading economic indicator,economists mean:
A)an indicator
Q44: The aggregate demand curve reflects:
A)a direct relationship
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