Which of the following statements is NOT true about the labour market during economic fluctuations?
A) The unemployment rate drops during recessions.
B) The unemployment rate drops during expansions.
C) The part of unemployment that is associated with recessions is called cyclical unemployment.
D) Real wages grow slowly or decline during recessions.
E) Workers are less likely to receive promotions during recessions.
Correct Answer:
Verified
Q50: The output gap is the difference between
A)
Q51: The amount of output produced when resources
Q52: If potential output equals $5 billion and
Q53: Which of the following workers is most
Q54: An expansionary gap occurs when actual output
Q56: When actual output is less than potential
Q57: Which of the following statements is NOT
Q58: Which of the following statements is NOT
Q59: Which of the following statements is NOT
Q60: A recessionary gap occurs when actual output
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