Multiple Choice
In the last half of 1999,the U.S.unemployment rate was about 4 percent.Historical experience suggests that this is
A) above the natural rate,so real GDP growth was likely low.
B) above the natural rate,so real GDP growth was likely high.
C) below the natural rate,so real GDP growth was likely low.
D) below the natural rate,so real GDP growth was likely high.
Correct Answer:
Verified
Correct Answer:
Verified
Q12: During recessions which type of spending falls?<br>A)consumption
Q13: Historically,the change in real GDP during recessions
Q14: Recession come at<br>A)regular intervals.During recessions consumption spending
Q15: During recessions<br>A)sales and profits fall.<br>B)sales and profits
Q16: Which of the following is correct?<br>A)Real GDP
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.