Which of the following is true of a recessionary period?
a. It is usually accompanied by an improvement in the value of an economy's currency.
b. It is usually accompanied by low levels of inflation
c. It is usually accompanied by a dramatic decline in the stock of inventories.
d. It usually lasts for a few months.
e. It leads to a drastic decline in government spending.
d
You might also like to view...
Pedro's utility of wealth is 6 units for $10,000 and 10 units for $20,000. A friend gave him a lottery ticket for his birthday. The ticket won, giving him either $10,000 with probability 0.5 or $20,000 with probability 0.5
Pedro's expected utility from the lottery ticket is A) between 6 and 8 units. B) equal to 8 units. C) between 8 and 10 units. D) equal to 10 units.
Which of the following countries has the highest level of average educational attainment?
a. Canada b. Italy c. India d. Sudan
In the open-economy macroeconomic model, if a country's interest rate rises, then its
a. net capital outflow and net exports rise. b. net capital outflow rises and its net exports fall. c. net capital outflow falls and its net exports rise. d. net capital outflow and net exports fall.
Assume the total product of three workers is 120 and the total product of four workers is 160. The average product of four workers is ________, and the marginal product of the fourth worker is ________.
A. 10; 40 B. 30; 10 C. 160; 40 D. 40; 40