A significant decline in activity spread across the economy,lasting more than a few months is called
A) a recession.
B) an expansion.
C) a peak.
D) inflation.
Correct Answer:
Verified
Q1: In the United States,over time GDP
A) stays
Q3: The difference between nominal GDP and real
Q4: The circular flow model shows that GDP
Q5: Comparing the unemployment rate and the business
Q6: The labor force is defined as
A) all
Q7: In the United States over the past
Q8: At full employment,
A) real GDP equals potential
Q9: The accumulated loss of output that results
Q10: GDP is defined as
A) gross demanded prices.
B)
Q11: In the expenditure approach to measuring GDP,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