Because it lowers the amount of output per person,unemployment results in
A) a shift in the economy's production possibilities frontier
B) increased workers' incomes
C) optimism about economic growth
D) a lower standard of living
E) rapid inflation
Correct Answer:
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Q20: Rapid economic growth has increased the economic
Q21: Most recessions last approximately three years.
Q22: How many times in the last 80
Q23: If real GDP is increasing at a
Q24: The Employment Act of 1946 directed the
Q26: If a factory hires 1,000 new workers,the
Q27: The U.S.economy experienced fluctuations in employment and
Q28: Periodic fluctuations in real GDP are called
A)
Q29: During the Great Depression of the 1930s,the
Q30: During a recession,both output and unemployment fall.
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