Which of the following statements is not true?
A) The potential growth rate in the U.S. economy may have fallen following the financial crisis of 2007-2009.
B) Periods of growth below the potential level are periods of low unemployment.
C) Periods of growth above the potential level are periods of low employment.
D) Periods of growth below the potential level are periods of high unemployment.
Correct Answer:
Verified
Q25: At a growth rate of 6% an
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Q27: Higher than expected inflation will increase the:
A)
Q28: Everything else equal, if the growth rate
Q29: The main problem from inflation as seen
Q31: In terms of economic growth, the central
Q32: Stable inflation implies:
A) that the rate of
Q33: If prices are not stable:
A) money becomes
Q34: The problem for a central bank setting
Q35: Keeping interest rates stable is:
A) the most
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