Which of the following is not correct?
A) The model of aggregate demand and aggregate supply is used by most economists to analyze short-run fluctuations.
B) During a recession firms cut back production and workers are laid off.
C) A recession is a period of declining real incomes and declining unemployment.
D) A depression is a severe recession.
Correct Answer:
Verified
Q1: A relatively mild period of falling incomes
Q2: During a recession the economy experiences
A)rising employment
Q3: On average,over the last 50 years,real GDP
Q4: During recessions
A)workers are laid off.
B)factories are idle.
C)firms
Q5: In October 2009,the official unemployment rate rose
Q6: Which of the following explains why production
Q21: The best example of recessions being close
Q24: Many macroeconomic variables
A)fluctuate together and by different
Q568: Investment averages about _ of GDP.
A)1/6
B)1/8
C)1/4
D)1/2
Q570: During a recession, unemployment
A)increases.
B)decreases.
C)is equal to
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