When the economy enters a recessionary phase of the business ...

[renzo156]

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.

[morganmarie791]

Answer to Question 1

B

Answer to Question 2

C

[renzo156]

Excellent

[chjcharjto14]

TYSM