Multiple Choice
If a factory hires 1,000 new workers,the nation's output level is probably
A) increasing and unemployment is likely to increase
B) increasing and unemployment is likely to decrease by 1000 individuals
C) fluctuating
D) stable
E) increasing and unemployment is likely to decrease by less than 1,000 individuals
Correct Answer:
Verified
Correct Answer:
Verified
Q2: The United States economy has achieved the
Q3: In mid-2009,the unemployment rate stood at<br>A) 25
Q4: Why is inflation considered a problem?<br>A) Firms
Q5: Who was the economist that began modern
Q6: Recessions are identified by<br>A) severe and long-lasting
Q8: Because it lowers the amount of output
Q9: The phase of the business cycle characterized
Q10: During the contraction phase of the business
Q11: "Output fell 2 percent last quarter" is
Q12: Which of the following indicates that the