Which of the following is characteristic of business cycles?
A) consumption displays greater volatility than GDP
B) investment remains relatively stable throughout the business cycle
C) the inflation rate is a leading indicator of recessions and expansions in GDP
D) the unemployment rate is a leading indicator of recessions and expansions in GDP
E) the growth rate of wages fluctuates less than the growth rate of GDP
Correct Answer:
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Q15: Which of the following variables typically moves
Q16: The Great Moderation refers to
A) Dramatic fall
Q17: A growth recession occurs when
A) there are
Q18: A traditional definition of recession is
A) any
Q19: Comparisons of business cycles before and after
Q21: Which of the following can create a
Q22: If firms are producing below capacity,
A) it
Q23: A sudden,unexpected increase in the economy's prevailing
Q24: As firms raise output in response to
Q25: The slope of the aggregate demand curve
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