Multiple Choice
While economic expansions average about three and one half years in duration,economic contractions average about
A) one year in duration
B) two years in duration
C) three years in duration
D) four years in duration
E) five years in duration
Correct Answer:

Verified
Correct Answer:
Verified
Q106: Inflation is<br>A)a rise in the value of
Q107: The Reagan tax cut of 1981 was
Q108: A recession is best defined as a
Q109: If tax revenues increase more than government
Q110: Stagflation refers to<br>A)a simultaneous reduction in output
Q112: According to Keynes,"animal spirits"<br>A)make investment spending unstable<br>B)make
Q113: Which decade is known as the "Golden
Q114: Exhibit 5-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4914/.jpg" alt="Exhibit 5-2
Q115: Exhibit 5-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4914/.jpg" alt="Exhibit 5-1
Q116: Keynesian demand management policies are not effective