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Author Question: Which of the following is associated with peaks in the business cycle? a. Relatively high levels of ... (Read 149 times)

K@

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Which of the following is associated with peaks in the business cycle?
 a. Relatively high levels of unemployment.
  b. Recessions.
 c. Relatively low levels of unemployment.
  d. Both answers a. and b. above are correct.

Question 2

If aggregate demand increases in the intermediate range of the aggregate supply curve then the:
 a. price level rises and real GDP falls.
  b. price level rises and real GDP rises.
  c. price level falls and real GDP falls.
  d. price level falls and real GDP rises.



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ambernicolefink

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Answer to Question 1

c

Answer to Question 2

b




K@

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


kthug

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Reply 3 on: Yesterday
Gracias!

 

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