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28. The clearest sign of a recession would be a. an increase in the price level. b. an increase in the quantity of total final output. C. a decrease in the quantity of total final output. d. a simultaneous increase in both output and prices.

28. The clearest sign of a recession would be a. an increase in the price level. b. an increase in the quantity of total final output. C. a decrease in the quantity of total final output. d. a simultaneous increase in both output and prices.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question 28
27. Last year your job at the university cafeteria paid you $8 an hour and the in California was $4. This year your cafeteria job pays $8.80 per hour ar dearly a. worse off because of inflation. b. worse off because the phone call is now relatively more expensive. c. better off because your wage rate went up. d. better off because the phone call now costs less work. 28. The clearest sign of a recession would be a. an increase in the price level. b. an increase in the quantity of total final output. c. a decrease in the quantity of total final output. d. a simultaneous increase in both output and prices. Problem Questions (question 1- 4) Unemployment question (question 1)
Transcribed Image Text:27. Last year your job at the university cafeteria paid you $8 an hour and the in California was $4. This year your cafeteria job pays $8.80 per hour ar dearly a. worse off because of inflation. b. worse off because the phone call is now relatively more expensive. c. better off because your wage rate went up. d. better off because the phone call now costs less work. 28. The clearest sign of a recession would be a. an increase in the price level. b. an increase in the quantity of total final output. c. a decrease in the quantity of total final output. d. a simultaneous increase in both output and prices. Problem Questions (question 1- 4) Unemployment question (question 1)
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