The increasing importance of services and declining importance of goods since 1950 can help explain
A) why Canada has only experienced one recession since 1950.
B) the severity of the 2007-2009 recession.
C) the increase in the gap between potential GDP and real GDP.
D) the decrease in severity of business cycle fluctuations.
Correct Answer:
Verified
Q29: On average,expansions in Canada have become _,and
Q30: As the best measure of the size
Q31:
Q32: Which of the following is an explanation
Q33: Suppose the average price of gasoline in
Q35: List three reasons why nominal wages can
Q36: What is the business cycle and why
Q37: Which of the following best describes real
Q38: In which of the following situations are
Q39: Since the 1950s,
A) Canada's business cycle fluctuations
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