The unemployment rate:
A. rises during booms and falls during recessions.
B. rises during recessions and falls during booms.
C. rises during times of rapid economic growth and falls during times of slow economic growth.
D. tends to remain the same in booms and recessions.
Answer: B
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One year a country has negative net exports. The next year it still has negative net exports and imports have risen more than exports
a. its trade surplus fell. b. its trade surplus rose. c. its trade deficit fell. d. its trade deficit rose
Which of the following is NOT a determinant of the demand for gasoline?
A. The price of automobiles B. The price of diesel C. The supply of gasoline D. Consumers' incomes
A Pigouvian tax corrects for
A. market congestion. B. market losses. C. inefficient sales. D. low market prices.
As the number of firms in an oligopolistic market increases, ________
A) prices tend to decline toward marginal cost B) prices tend to rise above marginal cost C) the market demand for the good tends to fall D) profits earned by firms tend to rise