During a sustained economic expansion,
A) the rate of unemployment will generally fall and the employment/population ratio will generally rise.
B) the rate of unemployment will generally rise and the employment/population ratio will generally fall.
C) both the rate of unemployment and the employment/population ratio will generally decline.
D) both the rate of unemployment and the employment/population ratio will generally rise.
Correct Answer:
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Q15: The expansionary phase of the business cycle
Q16: Which of the following about business cycles
Q17: Which of the following is most indicative
Q18: The economy's potential output is
A) the maximum
Q19: During a period of rapid growth in
Q21: Full employment means which of the following
Q22: The natural rate of unemployment occurs if
Q23: Which of the following types of unemployment
Q24: When real GDP grows more slowly than
Q25: If an economy is at its potential
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