The period of growth in real GDP between the trough of the business cycle and the next peak is called the:
a. recessionary phase.
b. recovery phase.
c. contractionary phase.
d. cyclical phase.
b
You might also like to view...
Which of the following statements is correct with respect to endogenous growth models?
a. Changes in government policy that affect savings and investment rates can increase levels of output in the long-run. b. Changes in government policy that affect savings and investment rates can increase the growth rate of output in the long-run. c. Long-run growth rates are not stationary. d. both a and b. e. all of the above.
Assume that the expectation of a recession next year causes business investments and household consumption to fall, as well as the financing to support it. If the nation has low mobility international capital markets and a fixed exchange rate system, what happens to the quantity of real loanable funds per time period and the nominal value of the domestic currency in the context of the
Three-Sector-Model? a. The quantity of real loanable funds per time period rises and nominal value of the domestic currency falls. b. The quantity of real loanable funds per time period falls and nominal value of the domestic currency remains the same. c. The quantity of real loanable funds per time period rises and nominal value of the domestic currency remains the same. d. The quantity of real loanable funds per time period falls and nominal value of the domestic currency rises. e. There is not enough information to determine what happens to these two macroeconomic variables.
Grant Gant was a doctor in 1944 and earned $12,000 that year. His daughter, Gretta Gant, is a doctor today and she earned $210,000 in 2005. The price index was 17.6 in 1944 and 184 in 2005.
Grant Gant's 1944 income in 2005 dollars is a. $1,147.83. b. $113,454.55. c. $125,454.55. d. $1,996,800.00.
Compared to traditional bank loans, microfinance loans have all of the following characteristics except
A. they are made more frequently to women than to men. B. they have repayments that begin at a much later date. C. they require no collateral. D. they are much smaller.