A(n) _________ is defined as a significant decline in economic activity spread across the economy,lasting more than a few months.
A) recession
B) depression
C) economic deficit
D) regressive economy
Correct Answer:
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Q1: Potential GDP is the output of the
Q3: An important cause of recessions is an
Q4: _ are organized groups of workers that
Q5: The expansion is the period of time
Q6: The pattern of recession,recovery,and expansion is called
Q7: Generally,in a recession,more homes are built.
Q8: Cyclical unemployment happens because
A) businesses make strategic
Q9: What does the phrase "wages are sticky"
Q10: During a recession,business profits decline.
Q11: With a recession under way,consumers have less
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