Multiple Choice
Which of the following is a CORRECT sequence of events during an expansion?
A) unemployment falls,income falls,tax revenue falls,unemployment benefits rise,and the budget deficit falls
B) unemployment rises,income falls,tax revenue falls,unemployment benefits rise,and the budget deficit rises
C) unemployment rises,income falls,tax revenue rises,unemployment benefits fall,and the budget deficit falls
D) unemployment falls,income rises,tax revenue rises,unemployment benefits fall,and the budget deficit falls
Correct Answer:
Verified
Correct Answer:
Verified
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