Over the last half of the 20th century,percentage deviations from trend in unemployment have been
A) procyclical and have been larger than the percentage deviations from trend in real GDP.
B) procyclical and have been smaller than the percentage deviations from trend in real GDP.
C) countercyclical and have been larger than the percentage deviations from trend in real GDP.
D) countercyclical and have been smaller than the percentage deviations from trend in real GDP.
E) procyclical and have been smaller than the percentage deviations from trend in labour force participation.
Correct Answer:
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Q1: Over the last half of the 20th
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