The pattern of recession, recovery, and expansion is called the business cycle.
Answer the following statement true (T) or false (F)
True
The pattern of recession, recovery, and expansion is called the business cycle.
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Contestable markets require that there be multiple participants in the marketplace
Indicate whether the statement is true or false
The Army Corps of Engineers has been accused of acting on the basis of a so-called "edifice complex."
a. True b. False Indicate whether the statement is true or false
Suppose Turkey increases its saving rate. In the long run
a. the growth rates of productivity and real GDP per person increase. b. productivity and real GDP per person increase. c. the growth rate of productivity increases, and real GDP per person increases. d. productivity increases, and the growth rate of real GDP per person increases.
Which of the following is true about the natural rate of unemployment?
(a) It can vary over time. (b) It is one percent or less of the population. (c) It is equal to the structural unemployment rate. (d) It reflects only frictional unemployment.