Which of these economic variables is countercyclical?

A) investment spending
B) unemployment
C) demand for foreign products
D) all of the above
E) none of the above


B

Economics

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Starting from long-run equilibrium, a large tax cut will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.

A. expansionary; higher; higher B. expansionary; higher; potential C. recessionary; higher; potential D. recessionary; lower; lower

Economics

Refer to the scenario above. What is the total cost involved if Maria chooses to travel by train?

A) $60 B) $400 C) $420 D) $460

Economics

A supply curve shows the relationship between:

A) output and the total cost of production. B) output and prices. C) output and consumer income. D) output and revenue.

Economics

Fill in the blank: ________ is another term for a decline in real GDP is

A) Deflation. B) Inflation C) Economic growth D) Recession E) Unemployment

Economics