The self-correcting tendency of the economy means that recessionary gaps are eventually eliminated by: a. rising inflation b.increasing potential output c.government policy. d.decreasing potential output. e. falling inflation.

Q: What is the difference between a recession and a depression? A. A depression is the opposite of a…

A: Business cycle refers to the fluctuations in economic activity. It includes expansion and recession.…

Q: 8. Which sentence is wrong about business cycle? a. It is the change in the GDP in the short run…

A: Dear student, you have asked multiple questions in a single post. In such a case, I will be…

Q: The lowest part of a recession is referred to as its _________. a. Depression b. Boom c. Trough d.…

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A: Great recession and the causes is complex and involve several forces.

Q: 2 The standard definition of a “recession” is Select one: a. two or more consecutive quarters of…

A: The term 'recession' is used in economics to describe a significant decline in economic activity…

Q: D. the grocery industry 2. The difference between a recession and a depression is: A. a recession is…

A: The distinction between a recession and a depression lies in the severity and duration of economic…

Q: When a recessionary gap exists, actual output______ potential output and the rate of inflation will…

A: A recessionary gap, or contractionary gap, happens when a country's genuine GDP is lower than its…

Q: Which of the following is the technical definition of a recession? A. a fall in GDP for four…

A: Recession is a period when economic activities are falling.

Q: @ DHE CENGAGE MINDTAP Homework (Ch 15) 2. Explaining short-run economic fluctuations A majority of…

A:

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Q: 1. The idea that the business cycle is recurrent means that the standard pattern of…

A: Disclaimer :- you posted multiple questions we are supposed to solve the first one only . Business…

Q: 19. Which set of changes is definitely predicted to raise Real GDP in the short run? a. Wealth…

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Q: If there is persistent inflation Select one: a. long-run aggregate supply is constant. b. there is…

A: The rate at which the general level of prices for goods and services in an economy rises, leading to…

Q: Which of these crises dismantled the Keynesian consensus? a.The Great War b.Stagflation in the…

A: Inflation is the rate at which costs for labor and products rise. Expansion is at times ordered into…

Q: 4. Which one of the following statements is INCORRECT?  A Keynesian economists believe that the…

A: Business cycle refers to the situation where the fluctuations in economic activity. Economic…

Q: Which of the following best represents a combination of inflation, slow economic growth and high…

A: The economies around the world work with the main motive of enhancing their overall growth, which…

Q: Which of the following events may lead to deflation? A. decrease in government spending during a…

A: Deflation is the decrease in average price level of goods and services in the economy.

Q: When the economy goes into a recession. real GOP---- and unemployment ___ .a.  rises, risesb. rises,…

A: A recession refers to a period of economic contraction during which companies experience weaker…

Q: Suppose the economy is experiencing a recessionary gap. In the long run, if there is no government…

A: Unemployment is the situation where a person is currently seeking a job but faces difficulties to…

Q: 1. In the RBC (Real Business Cycle) model, if businesses react to a pessimistic outlook and decrease…

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Q: d. the government's budget must be balanced.

A: Explanation: The requirements for reducing inflation while not inflicting a recession  except…

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A: Answer -  In the late 1960 s  was the time  where many incident occur simultaneously which affect…

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A: GDP is the value of final goods and services produced in the economy within a given period of time

Q: Bob is let go because of slumping sales A. seasonal B. frictional

A: Labor force= employed + unemployed