Multiple Choice
Most economists agree that the immediate cause of the majority of cyclical changes in the level of real output is unexpected changes in the
A) level of total spending.
B) rate of unemployment.
C) rate of inflation.
D) stock market price indexes.
Correct Answer:
Verified
Correct Answer:
Verified
Q282: Unemployment involving a mismatch of the skills
Q283: Which statement is correct?<br>A) All sectors of
Q284: Suppose that a person's nominal income rises
Q285: Which of the following statements is true
Q286: Some economists prefer to use the term
Q288: Which phase of the business cycle would
Q289: Unanticipated inflation helps some groups in the
Q290: Search unemployment is another way to describe<br>A)
Q291: Cost-of-living adjustment clauses (COLAs)<br>A) invalidate the "rule
Q292: A large negative GDP gap implies<br>A) an