In 2008,the United States was in recession.Which of the following things would you not expect to have happened?
A) increased layoffs and firings.
B) a higher rate of bankruptcy.
C) increased claims for unemployment insurance.
D) increased real GDP.
Correct Answer:
Verified
Q22: Below are pairs of GDP growth rates
Q23: During recessions employment typically
A)falls substantially.As the recession
Q24: Many macroeconomic variables
A)fluctuate together and by different
Q25: Real GDP
A)moves in the opposite direction as
Q26: During the last half of 2012,the U.S.unemployment
Q28: In the last half of 1999,the U.S.unemployment
Q29: During recessions,income
A)and unemployment both rise.
B)rises and unemployment
Q30: Below are pairs of GDP growth rates
Q31: Historically,as recessions have ended the unemployment rate
Q32: Which of the following rises during recessions?
A)layoffs
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