Multiple Choice
Which of the following shocks could trigger an expansion?
A) A large cut-back in military spending.
B) A large increase in the price of oil.
C) A sudden decrease in consumption.
D) A large military buildup.
E) A sudden decrease in investment.
Correct Answer:

Verified
Correct Answer:
Verified
Q70: A shock that could trigger a recession
Q71: Since 1960,real GDP has fluctuated to some
Q72: The 2001-2007 economic expansion began when a
Q73: Which of the following shocks is most
Q74: Which of the following is the main
Q76: A period during which GDP exceeds its
Q77: Which of the following defines a recession?<br>A)
Q78: The existence of economic fluctuations makes it
Q79: Which of the following statements best describes
Q80: During recessions,output<br>A) and unemployment both fall<br>B) and