Unemployment
a. usually decreases whenever nominal GDP decreases.
b. usually increases whenever real GDP decreases.
c. usually decreases whenever nominal GDP increases.
d. usually increases whenever the price level increases.
b. usually increases whenever real GDP decreases.
You might also like to view...
The Eurocurrency market grew due to a lack of regulation, which permits greater efficiency in providing banking services
Indicate whether the statement is true or false
A downward-sloping portion of a long-run average total cost curve is the result of
a. economies of scale. b. diseconomies of scale. c. diminishing returns. d. the existence of fixed resources.
The origin of a graph is the intersection of the two axes, where the value of both variables is zero.
Answer the following statement true (T) or false (F)
Which of the following is an example of market "production," as used by economists?
A) Garvey takes out a low-cost government loan to start his pet-sitting business. B) Heidi makes a pizza for her family's dinner. C) Katrina works as a cashier at the local produce stand. D) The theatre and film studies department in Fine Art's College stages a play at the local theatre.