Solved

In Which Industry or Sector of the Economy Is Output

Question 30

Multiple Choice

In which industry or sector of the economy is output least likely to be affected by the business cycle?

A) housing construction
B) automobile production
C) medical services
D) capital goods production

Related Questions

Q25: Inﬂation affects<br>A) both the level and the

Q26: The CPI compiled by the Bureau of

Q27: A trough in the business cycle occurs

Q28: Inﬂation initiated by increases in wages or

Q29: Recently, a teachers' union argued that the

Q31: Economists who are willing to accept mild

Q32: A person's real income will increase by

Q33: If the Consumer Price Index was 170

Q34: A recession is a decline in<br>A) the

Q35: What is an advantage of mild inﬂation