Multiple Choice
Which of the following is correct?
A) Short run fluctuations in economic activity happen only in developing countries.
B) During economic contractions most firms experience rising profits.
C) Recessions come at irregular intervals and are easy to predict.
D) When real GDP falls,the rate of unemployment generally rises.
Correct Answer:
Verified
Correct Answer:
Verified
Q23: Which of the following is correct?<br>A)Economic fluctuations
Q24: During recessions employment typically<br>A)falls substantially.As the recession
Q25: During recessions investment<br>A)falls by a larger percentage
Q26: Which part of real GDP fluctuates most
Q27: Below are pairs of GDP growth rates
Q28: When we say that economic fluctuations are
Q29: During recessions,income<br>A)and unemployment both rise.<br>B)rises and unemployment
Q30: Which of the following is correct?<br>A)Over the
Q32: Real GDP<br>A)moves in the opposite direction as
Q33: Many macroeconomic variables<br>A)fluctuate together and by different