Short term economic fluctuations are in length and severity and to predict A

Short term economic fluctuations are in length and

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33.Short-term economic fluctuations are _____ in length and severity and ____ to predict. A. regular; difficultB. regular; easyC. constant; easyD.irregular; difficult AACSB: Analytical Skills Blooms: Knowledge Frank - Chapter 20 #33 Learning Objective: 20-02 Explain the primary characteristics of recessions and expansions. Section: Some Facts About Short-Term Economic Fluctuations
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34.Typically unemployment _____ during a recession and _____ during an expansion. AACSB: Analytical Skills Blooms: Understanding Frank - Chapter 20 #34 Learning Objective: 20-02 Explain the primary characteristics of recessions and expansions. Section: Some Facts About Short-Term Economic Fluctuations
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35.Which of the following workers is most likely to lose his/her job during a recession? AACSB: Reflective Thinking Skills Blooms: Analysis Frank - Chapter 20 #35 Learning Objective: 20-02 Explain the primary characteristics of recessions and expansions. Section: Some Facts About Short-Term Economic Fluctuations
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36.Which of the following workers is least likely to lose his/her job during a recession? AACSB: Reflective Thinking Skills Blooms: Analysis Frank - Chapter 20 #36 Learning Objective: 20-02 Explain the primary characteristics of recessions and expansions. Section: Some Facts About Short-Term Economic Fluctuations
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37.Workers in durable-goods industries are ____ workers in service industries to lose their jobs during a recession. A. much less likely thanB.more likely thanC. less likely thanD. equally likely as AACSB: Analytical Skills Blooms: Understanding Frank - Chapter 20 #37 Learning Objective: 20-02 Explain the primary characteristics of recessions and expansions. Section: Some Facts About Short-Term Economic Fluctuations
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38.Potential output is: AACSB: Analytical Skills Blooms: Knowledge Frank - Chapter 20 #38 Learning Objective: 20- 03 Define potential output, measure the output gap, and use these concepts to analyze an economy’s position in the business cycle. Section: Output Gaps and Cyclical Unemployment
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