Recessions are periods when _____.
A) both output and employment fall
B) both output and employment fall.
C) output falls and employment rises
D) output falls and employment rises.
E) output rises and employment falls
F) output rises and employment falls.
G) both output and unemployment fall.
H) both output and unemployment fall
Correct Answer:
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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) Q146: (Figure: The Business Cycle) Q147: (Figure: The Business Cycle) Q148: Expansions are periods when _. 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 real GDP
A)long-run
