True/False
During a recession,real output actually falls.
Real GDP falls during a recession,and unemployment rises.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q33: According to classical economists,market-driven economies<br>A)Are typically self-adjusting.<br>B)Are
Q46: According to Keynes,unemployment results from<br>A)Increased business investment
Q64: In the long run,an increase in aggregate
Q84: Individual employment and training programs are levers
Q105: If the level of prices and output
Q106: According to the classical view,the economy will
Q114: In the long run,shifts in the aggregate
Q115: Equilibrium is unique; it is the only
Q129: Current buyers' and sellers' behaviors are correctly
Q136: Macro equilibrium always occurs when<br>A)Aggregate supply is