Most recessions and depressions
a. are accurately forecasted.
b. usually occur with ample advance warning.
c. cause falling unemployment.
d. occur with little advance warning.
d
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A firm employing 100 workers has an average absenteeism rate of 4%. On a given day, what is the probability of
(a) no workers, (b) one worker, (c) more than six workers being absent?
A decrease in government spending and taxes would be an example of fiscal policies that reinforce each other.
Answer the following statement true (T) or false (F)
In a multiplayer game where there are two equally-enjoyable choices of what to do, and everyone wants to do what everyone else is doing, only one Nash equilibrium is stable
Indicate whether the statement is true or false
The demand for labor curve is derived from the:
A) total product of labor. B) supply curve for labor. C) average product of labor. D) value of marginal product of labor.