Which of the following will most likely occur during the recovery phase of a business cycle?
A) Real GDP rises, and unemployment falls.
B) Real GDP declines, and inflation rises.
C) Interest rates rise, and the number of business failures rise.
D) Inflation rises, and employment falls.
Correct Answer:
Verified
Q1: How do we measure economic growth?
A) increases
Q2: Economists use the phrase "business cycle" when
Q4: A business cycle is the:
A) period of
Q5: Exhibit 6-1 Business cycle Q6: Which phase of the business cycle follows Q7: The business cycle consists of four phases. Q8: Which of the following is associated with Q9: Which of the following will most likely Q10: Exhibit 6-1 Business cycle Q14: Which of the following is true of
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