Multiple Choice
In the expansion phase of a business cycle:
A) The inflation rate decreases, but productive capacity increases
B) The inflation rate and productive capacity decrease
C) Employment increases, but output decreases
D) Employment and output increase
Correct Answer:
Verified
Correct Answer:
Verified
Q36: A person's real income will increase by
Q37: A peak in the business cycle:<br>A) Occurs
Q39: If the unemployment rate for the United
Q40: When inflation occurs:<br>A) All prices are rising<br>B)
Q42: Inflation means that the prices of all
Q44: Unanticipated inflation tends to penalize:<br>A) People who
Q45: The natural rate of unemployment:<br>A) Means that
Q46: The economy has an annual inflation rate
Q212: Recently, a teachers' union argued that the
Q217: A recession is defined as a situation