Which of the following statements is FALSE?
A) The rate of change in economic activity is used to assess whether an economy is expanding or contracting.
B) Short-term ups and downs in the economy are known as business cycles.
C) During a recession,output and employment are falling.
D) Business cycles are always symmetric-the length of an expansion is the same as the length of a contraction.
Correct Answer:
Verified
Q23: Unemployment means that
A) at the going wage
Q25: Unemployment generally _ during recessions and _
Q26: If 20 million workers are unemployed and
Q27: Between a peak and a trough, the
Q28: The unemployment rate equals
A) labor force/population.
B) unemployed/employed.
C)
Q35: Unemployment implies that in the labor market
A)
Q38: The unemployment rate equals
A) labor force/population.
B) unemployed/employed.
C)
Q90: The Federal Reserve affecting the supply of
Q98: The government wants to encourage consumer spending
Q119: In the goods-and-services market, households
A) only supply.
B)
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