Which one of the following is TRUE? Select one: a. 1929 to 1933 was the Great Depression b. 1979 was the first oil shock c. December 2007 to June 2008 was the Great Recession d. 1994 to 2000 was a recession in the U.S. e. 2008  was a recession in the U.S. caused by Paul Volcker increasing the interest rate

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A: Since you have asked for part "A" so I am answering only part "A".

Q: 13) Detail the workings of the real business cycle model.

A: The real business cycle (RBC) model is a macroeconomic model that explains fluctuations in economic…

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A: The phase of business cycle are expansion, peak, contraction or recession, trough and then again…

Q: QUESTION 10 A recession is a period during which aggregate output increases. True False

A: A recession refers to a period in which there is a consistent reduction in the aggregate output (Y)…

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A: "Business cycle measures the fluctuations in the economy over time." There are four stages in the…

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

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A: Detailed explanation:Graphs for US and World Economy1. US EconomyAutarky (Initial…

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Q: Which of the following events is most responsible for the Great Recession of 2007 to 2009? Select an…

A: "Recession is a prolonged period of economic downturn." When recession occurs economic variables…

Q: From 1950 - 2007, recessions in the United States   A. did not occur.   B. became more severe than…

A: Recession :- A recession occurs when economic activity declines for a protracted period of many…

Q: 3) What are some of the issues associated with the consumer price index?

A: The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket…

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

Q: business cycle

A: ‘Business cycle’ refers to a fluctuation in production, employment, trade and general activity in an…

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A: The correct answer is (C) Neoclassical economists; long run

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A: What is a Supply Shock? A supply shock is a powerful reaction to the price of a product because of…