Multiple Choice
Which of the following is not true of a recession?
A) The economy is overheated.
B) Cyclical unemployment is high.
C) Unemployment is caused by insufficient spending.
D) If the economy is in equilibrium,the aggregate expenditure line is too low to create an intersection at the full-employment level.
E) If employers hired more workers to reduce unemployment,they would be unable to sell all the extra output those workers would produce.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Use the table below to determine the
Q2: Automatic stabilizers reduce fluctuations in GDP by<br>A)
Q3: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3972/.jpg" alt=" -Consider Figure 11-10
Q4: The short-run macro model<br>A) relies on the
Q5: Aggregate expenditure will not equal GDP unless<br>A)
Q7: Which of the following is inversely related
Q8: In the short-run macro model,what is the
Q9: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3972/.jpg" alt=" -Consider Figure 11-10
Q10: If the marginal propensity to consume is
Q11: When unplanned inventory changes are positive,GDP is