a short-run altercation between economic upturns and downturns
What will be an ideal response?
business cycles
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The oldest central bank, having been founded in 1694, is the
A) Bank of England. B) Deutsche Bundesbank. C) Bank of Japan. D) Federal Reserve System.
Not all unemployment ends with the job seeker finding a job
a. True b. False Indicate whether the statement is true or false
Historically, the United States has experienced
A. periods of both increases and decreases in the unemployment rate since World War II. B. no changes in the unemployment rate since World War II. C. continuous decreases in the unemployment rate since World War II. D. continuous increases in the unemployment rate since World War II.
Consider the parallel demand curves in the figure below. Which curve is relatively more elastic at P1?
A. AA
B. BB
C. Cannot be determined
D. Both have the same slope; therefore both have the same elasticity