Author Question: Typically, as an economy begins to emerge from a recessionary phase of the business cycle A) ... (Read 182 times)

deesands · **on:** Jun 29, 2018

Typically, as an economy begins to emerge from a recessionary phase of the business cycle

A) investment begins to fall. B) inflation begins to fall.
C) unemployment falls immediately. D) unemployment continues to rise.

Question 2

Refer to Figure 23-1. According to the figure above, at what point is aggregate expenditure less than GDP?

A) J B) K C) L D) none of the above