______ post-World War II ______ have been preceded by increases in inflation.
A) Many; expansions
B) Few; recessions
C) All; expansions
D) Many; recessions
Correct Answer:
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Q23: Since 1925, the longest recession in the
Q40: In the figure, which interval represents a
Q41: Potential output is:
A)equal to actual output.
B)also known
Q43: The difference between the economy's potential output
Q44: Changes in the growth rate of potential
Q46: When there is a recessionary gap, capital
Q48: If actual output equals potential output, unusually
Q53: Which of the following is most likely
Q54: An expansion occurs when _, when _,
Q61: If potential output for an economy equals
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