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Author Question: When the economy enters a recessionary phase of the business cycle, unemployment tends to A) be ... (Read 126 times)

renzo156

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on: Jun 29, 2018
When the economy enters a recessionary phase of the business cycle, unemployment tends to
 
  A) be unchanged.
  B) increase.
  C) decrease.
  D) change in the same direction as the rate of inflation.

Question 2

Refer to Figure 23-1. If the economy is at a level of aggregate expenditure given by point K
 
  A) production is less than spending.
  B) inventories will increase above their desired level.
  C) the economy is in equilibrium.
  D) production is greater than spending.


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morganmarie791

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


renzo156

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Reply 2 on: Jun 29, 2018
Gracias!

Dinolord

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Reply 3 on: Yesterday
Excellent

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