During recessions, output
a. and unemployment both fall
b. and unemployment both rise
c. rises, but unemployment falls
d. falls, but unemployment rises
e. rises and unemployment remains constant.
D
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Suppose that in 2011 nominal GDP increased and real GDP decreased relative to the year 2010 . It can be concluded that:
a. the economy experienced inflation and the total production of goods and services increased. b. the economy experienced deflation and the total production of goods and services increased. c. the economy experienced inflation and the total production of goods and services decreased. d. the economy experienced deflation and the total production of goods and services decreased.
Who decides what portion of the money supply will be held as currency in circulation?
a. The Treasury b. The central bank c. The banking system d. The non-bank public e. All the above.
In the Keynesian model, an increase in real autonomous spending results in a greater increase in real Gross Domestic Product (GDP) if
A. the average propensity to save (APS) is lower. B. the average propensity to save (APS) is higher. C. the marginal propensity to consume (MPC) is lower. D. the marginal propensity to consume (MPC) is higher.
Which of the following characteristics are the most important for building trust among virtual team members?