Alternating periods of economic growth and contraction in real GDP define
A. The business cycle.
B. Say's Law.
C. Macro equilibrium.
D. Capitalism.
Answer: A
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Lower interest rates which reduce the debt-servicing burden of households, thus increasing their net worth, is best described by the
A) bank lending channel. B) money channel. C) financial market channel. D) balance sheet channel.
During recessions, unemployment insurance payments tend to rise
a. True b. False Indicate whether the statement is true or false
What is the relationship between a nation's monetary and fiscal policy and its exchange rate?
What will be an ideal response?
When expectations are rational, disequilibrium in the labor market would exist only temporarily as a result of unpredictable shocks in the economy.
Answer the following statement true (T) or false (F)