Multiple Choice
Economists have identified several consecutive quarters of falling employment, and forecasts for the next few months suggest more of the same. The economy is at the _____ stage of the business cycle.
A) recession
B) expansion
C) peak
D) trough
Correct Answer:
Verified
Correct Answer:
Verified
Q23: Per capita economic growth is:<br>A) growth per
Q24: Which statement about the U.S. economy is
Q25: With inflation:<br>A) overall prices are increasing, although
Q26: Expansions are periods when real GDP and
Q27: Which statement is TRUE?<br>A) In the past
Q29: The switching between recessions and expansions is
Q30: The point on a business cycle when
Q31: Which statement is CORRECT?<br>A) Supply and demand
Q32: Long-run economic growth is best measured by:<br>A)
Q33: Long-run growth is a(n):<br>A) sustained upward trend