Historical evidence for the U.S.economy indicates that
A) recessions have occurred roughly once every six years since the 1960s.
B) the unemployment rate usually decreases during a recession and increases shortly after the recession ends.
C) real GDP usually remains roughly constant during a recession and decreases shortly after the recession ends.
D) changes in real GDP over the business cycle are largely attributable to changes in investment over the business cycle.
Correct Answer:
Verified
Q23: During recessions employment typically
A)falls substantially.As the recession
Q24: Many macroeconomic variables
A)fluctuate together and by different
Q25: Real GDP
A)moves in the opposite direction as
Q26: During the last half of 2012,the U.S.unemployment
Q27: In 2008,the United States was in recession.Which
Q28: In the last half of 1999,the U.S.unemployment
Q29: During recessions,income
A)and unemployment both rise.
B)rises and unemployment
Q30: Below are pairs of GDP growth rates
Q31: Historically,as recessions have ended the unemployment rate
Q32: Which of the following rises during recessions?
A)layoffs
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents