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ECON 2010 Lesson 11

ECON 2010 Lesson 11 - 2 The natural unemployment rate will...

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Ashlie Michelle Ferguson ECON 2010 Lesson 11 Enrollment # 642885 1. Profits reduced the most: An automobile producer Profits reduced the least: A Barbershop Industries the produce durable goods (like automobiles) are the most affected by recessions and booms. Industries that provide services (like haircuts) are the least affected by recessions and booms.
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Unformatted text preview: 2. The natural unemployment rate will be unaffected by a recession. The cyclical unemployment rate will increase in times of a recession. And, the inflation rate generally decreases in the period following a recession. 3. B 4. A 5. E 6. D 7. D 8. C 9. C 10. B 11. E 12. B 13. C 14. D 15. C 16. A 17. E...
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