menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Economics
  4. Exam
    Exam 33: Aggregate Demand and Aggregate Supply
  5. Question
    A Prolonged Period of Falling Incomes and Rising Unemployment Is
Solved

A Prolonged Period of Falling Incomes and Rising Unemployment Is

Question 26

Question 26

Multiple Choice

A prolonged period of falling incomes and rising unemployment is called:


A) a recession
B) a boom
C) a business cycle
D) a depression

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q21: When firms cut back production:<br>A)they employ more

Q22: The long-run aggregate supply is called:<br>A)potential output<br>B)full-employment

Q23: The short-run aggregate curve's shape is affected

Q24: Keynes's interest-rate effect implies that a lower

Q25: Most economists believe that in the short

Q27: When an increase in the economy's capital

Q28: The Pigou effect implies that:<br>A)when the price

Q29: For a given level of inflation, if

Q30: An economy can produce more if it

Q31: The new classical misperceptions theory states that:<br>A)changes

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines