TB_Ch_12 - Chapter 12Business Cycles and Unemployment...

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Essential Calculus: Early Transcendentals
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Chapter 2 / Exercise 31
Essential Calculus: Early Transcendentals
Stewart
Expert Verified
Chapter 12—Business Cycles and UnemploymentMULTIPLE CHOICE1.How do we measure economic growth?a.Increases in the price level, as indicated by the GDP chain price index.b.Increases in nominal GDP.c.Increases in real GDP.d.Increases in the labor force.ANS:C
PTS:1DIF:ETOP:Business cycleTYP:RE2.Economists use the phrase "business cycle" when referring to fluctuations in:
PTS:1DIF:ETOP:Business cycleTYP:RE3.The period of declining growth in real GDP between the peak of the business cycle and the trough is called a:
PTS:1DIF:ETOP:Business cycleTYP:RE4.The period of growth in real GDP between the trough of the business cycle and the next peak is calledthe:
PTS:1DIF:ETOP:Business cycleTYP:RE5.Which of the following will most likely occur during the recessionary phase of a business cycle?a.Real GDP rises, and the unemployment rate falls.b.Real GDP declines, and the rate of inflation rises.c.The sales of most businesses decline, and the unemployment rate rises.d.Inflation rises, and employment/population ratio falls.ANS:C
PTS:1DIF:ETOP:Business cycleTYP:SA6.Which of the following will most likely occur during the expansionary phase of a business cycle?
PTS:1DIF:ETOP:Business cycleTYP:SA
We have textbook solutions for you!
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Essential Calculus: Early Transcendentals
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Chapter 2 / Exercise 31
Essential Calculus: Early Transcendentals
Stewart
Expert Verified
7.Economists usually use the term "recession" to refer to:
PTS:1DIF:MTOP:Business cycleTYP:RE8.Which of the following is true of the business cycle record of the United States?
PTS:1DIF:MTOP:Business cycleTYP:RE

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