A decrease in real GDP should lead to:
A) a decrease in the general level of prices
B) a decrease in the rate of unemployment.
C) an increase in the rate of unemployment.
D) an increase in the labor force participation rate of prime age workers.
Correct Answer:
Verified
Q1: Typically, when real GDP goes up over
Q3: Which of the following statements is FALSE?
A)
Q4: A business cycle is:
A) a recurring period
Q5: Which of the following statements about business
Q6: The phases of a business cycle are:
A)
Q7: The four phases of a business cycle,
Q8: The phase of the business cycle where
Q9: The phase of the business cycle where
Q10: The phase of the business cycle during
Q11: The federal government attempts to control business
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