Multiple Choice
A logical explanation for recessions might be that households have suddenly altered their willingness to work.A problem with this explanation is
A) it is inconsistent with patterns of job searches during recessions
B) the demand for labor rarely shifts
C) the large number of women who entered the labor force in the last four decades
D) it is inconsistent with the classical model
E) the work ethic that is responsible for the decline in American vacations.
Correct Answer:
Verified
Correct Answer:
Verified
Q18: A shock that could trigger a recession
Q19: The classical model does a poor job
Q20: Which of the following shocks have caused
Q21: When explaining expansions and recessions,the classical model
Q22: Which of the following is a common
Q24: Which statement best describes economic fluctuations?<br>A) Expansions
Q25: What do all expansions and recessions since
Q26: The most recent economic expansion started in<br>A)
Q27: Why is it unlikely that expansions could
Q28: The assumption that labor markets clear makes