Expansions are periods when _____.
A) both real GDP and employment grow
B) both real GDP and employment grow.
C) real GDP grows, and employment shrinks
D) real GDP grows, and employment shrinks.
E) real GDP shrinks, and employment grows
F) real GDP shrinks, and employment grows.
G) both real GDP and unemployment grow
H) both real GDP and unemployment grow.
Correct Answer:
Verified
Q139: When an economy is between the peak
Q140: One normally expects that unemployment decreases while
Q141: The _ of a business cycle marks
Q142: Following a _, real GDP _.
A)trough; increases
B)trough;
Q143: The business cycle is:
A)the typical "life course"
Q144: (Figure: The Business Cycle) Q145: Recessions are periods when _. Q146: (Figure: The Business Cycle) Q147: (Figure: The Business Cycle) Q149: The business cycle refers to the _. Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)both output and
A)long-run
