Multiple Choice
A growth recession occurs when
A) there are two successive quarters of negative GDP growth
B) economic growth is so rapid that it creates inflation
C) real GDP is growing but nominal GDP is not
D) potential GDP declines
E) GDP grows at a slower rate than its long run trend
Correct Answer:
Verified
Correct Answer:
Verified
Q24: The shape of the short run aggregate
Q25: All other things being equal,in the absence
Q26: Which of the following is not assumed
Q27: Which of the following plays a central
Q28: Okun's law refers to<br>A) The tendency for
Q30: Increases in aggregate demand are likely to
Q31: The long run can be distinguished from
Q32: According to Real Business Cycle theory,<br>A) lack
Q33: The Great Moderation refers to<br>A) Dramatic fall
Q34: Comparing State economies to that of the