Author Question: Which of the following is associated with peaks in the business cycle? a. Relatively high levels of ... (Read 148 times)

K@ · **on:** Jun 30, 2018

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.