Which of the Following Statements About Recessions Is False
Economic fluctuations did not occur until the twentieth century. THE CORRECT ANSWER IS D.
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D The yield curve tends to be inverted as the economy comes out of a recession.
. Which of the following is a synonym for deter. A college education serves as protection against economic recessions c. There is no ironclad rule for the declaration of recessions.
Which of the following statements is false. When there is a fall or decline in the economic activity of a country and this decline is usually temporary and during this decline the trade and industrial activities are reduced then this situation is called as Recession. Each of the last six recessions in the United States was preceded by a period with an inverted yield curve.
Which of the following statements is false. Recessions are especially hard on regular citizens. D output and employment are falling.
According to the classical macroeconomic model discussed in the text whenever injections are not equal to leakages the wages rate will adjust to keep the macroeconomy in equilibrium. D Unemployment always falls during expansions. Which of the following statements is false.
B In general there is a trade-off between inflation and unemployment in the short run. Question 14 294 294 pts Which one of the following statements is FALSE. Government revenues are likely to increase during a period of economic expansion.
In the former Soviet Union most of. Government spending tends to be more stable than business investment spending. The recession of 1981-1982 was severe.
Please label the statements as true or false regarding economic booms and busts. Recent studies show all of the following EXCEPT that. Hence the above answer is false.
4 Which of the following statements is FALSE. Recessions occur at regular intervals and last standard amounts of time. The statement recessions are a normal part of the business cycle supports which of the following arguments.
C the unemployment rate is falling. Recessions are triggered by a drop in spending. B Each of the last six recessions in the United States was preceded by a period with an inverted yield curve.
Economic fluctuations include recessions and rapid expansions. A There exists a strong negative relationship between growth in real GDP and changes in unemployment. Sweden has one of the worlds most equal distributions of income but also has a relatively low standard of living.
The recessions of 1973-1975 and 1981-1982 were both severe. According to the Keynesian macroeconomic model massive unemployment is possible when an economy is in a state of equilibrium. The yield curves tends to be inverted as the economy comes out of a recession.
B the aggregate price level rises. The above mentioned statement about recession is True that there is no ironclad rule for the declaration of recessions. Recessions are periods when.
The plot of the relationship between the investment risk and the interest rate is call the yield curve. An old rule of thumb defining recession is two consecutive quarters of falling nominal GDP. Economic fluctuations seem to have diminished in severity.
A The plot of the relationship between the investment risk and the interest rate is call the yield curve. The recession of 1973-1975 was mild. With enough careful planning fiscal and monetary policy can prevent recessions.
Recessions are associated with low unemployment and high income. Question 1 1 1 pts Which of the following statements is false. Total federal government outlays in the United States have generally declined as a percentage of GDP in recent decades.
Economic fluctuations are an important subject in the study of economics. In cases where the yield curve gets to be inverted the economy tends to get into recession. After controlling for education level income is the same across racial groups.
The technical indicator of a recession are 2 consecutive quarters of a negative economic growth as measured by a countrys GDP is a true statement about recession. C Unemployment always rises during recessions. Government used fiscal and monetary policy more effectively many economists believe that the Great Depression would not have been as severe.
A college education is a major factor in high incomes b.
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