Which of the following is correct?
A) Over the business cycle consumption fluctuates more than investment.
B) Economic fluctuations are easy to predict.
C) During recessions sales and profits tend to fall.
D) Because of government policy the U.S. has suffered no recessions in the last 25 years.
Correct Answer:
Verified
Q1: A relatively mild period of falling incomes
Q2: During recessions declines in investment account for
Q2: During a recession the economy experiences
A)rising employment
Q2: When we say that economic fluctuations are
Q4: During recessions
A)workers are laid off.
B)factories are idle.
C)firms
Q4: Which of the following is most commonly
Q5: The investment component of GDP measures spending
Q5: Which of the following is correct?
A)Economic fluctuations
Q6: Which of the following explains why production
Q13: Which of the following is correct?
A) Real
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