The recession of 1990-1992 ________ the trend set over 1965-1990 of ________ unemployment rates at each successive cyclical trough
A) continued, lower
B) continued, higher
C) broke, lower
D) broke, higher
D
You might also like to view...
When the demand for a good is inelastic, that good is likely to have:
A. many close complements. B. few close substitutes. C. few close complements. D. many close substitutes.
The concept that it is very difficult to consistently pick winners in the stock market without inside information is known as: a. a random walk
b. a double coincidence of wants. c. the crowding out effect. d. arbitrage.
An increase in the price level will increase the interest rate, which will decrease investment spending and shift aggregate demand to the left
a. True b. False
The paradox of thrift occurs when:
A. an increase in saving reduces output. B. saving is unrelated to output. C. an increase in saving raises output. D. a decrease in saving reduces output.