Multiple Choice
Refer to the information for this hypothetical economy provided in Table 5.1 below to answer the questions that follow.
Table 5.1
2014 2015 2016
-Refer to Table 5.1. In this economy, a peak existed around the
A) third quarter of the year 2016.
B) third quarter of the year 2014.
C) fourth quarter of the year 2015.
D) fourth quarter of the year 2014.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: In the circular flow diagram, households' payments
Q2: The unemployment rate equals<br>A) labor force/population.<br>B) unemployed/employed.<br>C)
Q3: Classical economists defended the economic concept of<br>A)
Q4: Slump, downturn and contraction are all words
Q5: Which of the following is an assumption
Q7: Stagflation occurs when the economy's _ are
Q8: If 20 million workers are unemployed and
Q9: In 1933, the United States produced about
Q10: A capital gain is<br>A) a financial instrument
Q11: The phrase used by Walter Heller to