During the recession phase of the business cycle
A) unemployment is usually falling. B) production is usually rising.
C) interest rates are usually falling. D) income is usually rising.
C
You might also like to view...
The federal government of the United States was established as a federation of the governments of the original thirteen states
a. True b. False
Government payment of a per-unit subsidy for health care services causes the out-of-pocket price that consumers pay for care to be
A) less than the price that health care providers receive for providing care. B) greater than the price that health care providers receive for providing care. C) greater than the market clearing price without the subsidy. D) equal to zero.
If residents of the United States give more gifts to relatives abroad than they receive, unilateral transfers will be
A) positive. B) unaffected. C) negative. D) zeroed out.
Daisy is consuming X and Y so that she is spending her entire income and MUx/Px = 12 and MUy/Py = 10. To maximize utility, she should
A. consume more X and less Y. B. continue to consume the same amount of X and Y since she is already maximizing utility. C. consume less X and more Y. D. consume less of both X and Y.