One normally expects that unemployment decreases while aggregate output and aggregate incomes increase during:
A) an expansion.
B) an expansion
C) a government intervention in the economy.
D) a government intervention in the economy
E) a recession.
F) a recession
G) the months following the peak of a business cycle
H) the months following the peak of a business cycle.
Correct Answer:
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Q135: When the output gap is negative, the
Q136: A period of falling real GDP is
Q137: If the economy is in a recession,
Q138: A recession does NOT imply:
A)a sustained economic
Q139: When an economy is between the peak
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 _.
A)both output and
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