On average,in the recessions since 1950,it has taken ________ for employment to return to its cyclical peak.
A) about 6 months
B) about 1 year
C) about 18 months
D) almost 2.5 years
Correct Answer:
Verified
Q178: Figure 13-3 Q179: Suppose the economy is at full employment Q180: Why does the short-run aggregate supply curve Q181: Suppose the economy is at a short-run Q182: Suppose the economy is at full employment Q184: A decrease in aggregate demand results in Q185: When the price of oil rises unexpectedly,the Q186: Short-run macroeconomic equilibrium occurs when Q187: Declines in spending on residential construction are Q188: An increase in aggregate demand in the
A)aggregate demand and
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