Multiple Choice
In a boom year,
A) potential GDP equals real GDP.
B) prices fall.
C) aggregate demand has increased.
D) unemployment is rising.
E) potential GDP is greater than real GDP.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q12: When the unemployment rate is equal to
Q13: In normal times, when the economy is
Q14: The study of economic fluctuations is<br>A)more important
Q15: The consumption relationship in this chapter assumes
Q16: Economic fluctuations have been common only since
Q18: Which of the following statements is false?<br>A)Aggregate
Q19: Manufacturing capacity utilization in normal times typically
Q20: The spending multiplier is the ratio of
Q21: The consumption function shows the relationship between
Q22: The marginal propensity to consume is best