The pattern of recession and recovery is called:
A) the liquidity cycle.
B) the business cycle.
C) structural unemployment.
D) inflation.
Correct Answer:
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Q62: Real-wage unemployment can be caused by:
A) minimum
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Q64: When the economy slows down:
A) the demand
Q65: Classical unemployment can be caused by:
A) minimum
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A) firms
Q68: Wages tend to be "sticky" because:
A) contracts
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Q72: We don't typically see wages fall in
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