Since the 1970s, the most common causes of recessions have been
A. problems in financial markets and negative demand shifts.
B. negative supply shifts and inflation fighting.
C. problems in financial markets and inflation fighting.
D. negative supply shifts and negative demand shifts.
Answer: B
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Refer to the table below. If Sweet Grams is a perfectly competitive firm and the market price $1.25 per unit, what is the profit-maximizing quantity for Sweet Grams to produce at Plant 1?
Sweet Grams makes graham cracker snack packages. Sweet Grams is a multi-plant firm with two production facilities. The above table summarizes the total marginal cost of production at various output levels in the separate plants. Assume Sweet Grams is a perfectly competitive firm.
A) 27,000
B) 30,100
C) 36,000
D) 24,500
Which of the following groups tend to have lower unemployment?
a. younger workers b. middle-aged workers c. women d. those with less education
Which of the following is one of the main features of our modern economy that helps ensure against a repeat performance of the Great Depression?
a. transfer payments b. outsourcing c. multiplier d. personal income tax
Fluctuations in employment and output result from changes in
a. aggregate demand only. b. aggregate supply only. c. aggregate demand and aggregate supply. d. neither aggregate demand nor aggregate supply.