Macroeconomics Study Set 48
Quiz 6: Macroeconomics: the Big Picture
A Recession Does Not Lead To
A recession does NOT lead to: A) higher unemployment. B) reduced output. C) reduced income and living standards. D) higher employment.
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In the United States, recessions are typically associated with a(n): A) falling unemployment rate. B) decrease in the number of people living in poverty. C) decrease in the percentage of Americans with health insurance. D) increase in corporate profits.
The most painful effect of a recession is: A) inflation. B) unemployment. C) money neutrality. D) liquidity trap.
The most painful consequence of a recession is: A) rising unemployment. B) increasing inflation. C) increasing aggregate output. D) higher interest rates.
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