Multiple Choice
Which of the following is correct?
A) Economic fluctuations are easily predicted by competent economists.
B) Recessions have never occurred very close together.
C) Spending,income,and production do not fluctuate closely with real GDP.
D) None of the above is correct.
Correct Answer:
Verified
Correct Answer:
Verified
Q18: The investment component of GDP measures spending
Q19: Which of the following fall during a
Q20: Which of the following rises during recessions?<br>A)layoffs
Q21: Figure 33-1. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 33-1.
Q22: Figure 33-2. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 33-2.
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