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| Answer : Option c [ a negative growth in the gross domestic product for two calendar quarters back to back ] |
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In the economic cycle a "recession" would be most accurately described as (A) an increase in...
During the Great Depression, the economy experienced inflation disinflation deflation hyper-inflation During the Great Depression, output...
During the Great Depression, the economy experienced inflation disinflation deflation hyper-inflation During the Great Depression, output growth increased at a slower than normal rate was negative for 4 quarters before turning positive was negative for 4 years before turning positive didn't decline as much as during the Great Recession While there is no "standard" for distinguishing an economic depression from a recession, in general economists would look at the magnitude of which of the following real GDP decline unemployment increase...
Which of the following recessionary periods was not caused by an AD shock Great Depression 1973-75...
Which of the following recessionary periods was not caused by an AD shock Great Depression 1973-75 recession 1981-82 recession Great Recession During the Great Depression, the economy experienced inflation disinflation deflation hyper-inflation During the Great Depression, output growth increased at a slower than normal rate was negative for 4 quarters before turning positive was negative for 4 years before turning positive didn't decline as much as during the Great Recession While there is no "standard" for distinguishing an economic depression...
Which Gross Domestic Product (GDP) indicator is the most relevant to examine recession? 1. Nominal GDP...
Which Gross Domestic Product (GDP) indicator is the most relevant to examine recession? 1. Nominal GDP 2. Year-ended nominal GDP growth 3. Real GDP 4. Year-ended real GDP growth 5. Real non-farm GDP 6. Year-ended real non-farm GDP growth 7. Real farm GDP 8. Year-ended real GDP per capita growth
5. If data indicate the economy is in recession and members of Congress are working to...
5. If data indicate the economy is in recession and members of Congress are working to pass legislation to encourage economic growth, which of the following has almost certainly occurred? a. Realization of results b. Recognition of change in the economy c. Implementation of policy d. Analysis of policy's effectiveness 6. Which of the following is a significant decline in general economic activity over an extended period that includes declining real income and rising unemployment? a. A business cycle b....
WEEK 4: GROSS DOMESTIC PRODUCT (GDP) 22 unread replies.22 replies. INITIAL POST (UP TO 10 POINTS) Follow the steps below...
WEEK 4: GROSS DOMESTIC PRODUCT (GDP) 22 unread replies.22 replies. INITIAL POST (UP TO 10 POINTS) Follow the steps below to obtain real-world information about GDP growth pattern from the Bureau of Economic Analysis to assess GDP current situation. Use your findings to answer the questions below. Go to www.bea.gov (Links to an external site.)Links to an external site.. Click on the National tab (on the top left-hand side). Click on Interactive Tables: GDP and the National Income and Product...
When computing economic growth, changes in nominal gross domestic product (GDP) must be adjusted to reflect...
When computing economic growth, changes in nominal gross domestic product (GDP) must be adjusted to reflect population growth because if real GDP remains the same, an increase in the population actually means a lower average standards of living. an increase in population will tend to reduce nominal GDP. changes in population tend to have no effect on standards of living. if real GDP remains the same, an increase in the population actually means a raised average standards of living. an...
When computing economic growth, changes in nominal gross domestic product (GDP) must be adjusted to reflect...
When computing economic growth, changes in nominal gross domestic product (GDP) must be adjusted to reflect population growth because: Choose one: A. changes in population tend to have no effect on standard of living. B. if real GDP remains the same, an increase in the population actually means a raised average standard of living .C. an increase in the population will tend to decrease average prices. D. an increase in population will tend to reduce nominal GDP. E. if real...
We have discussed two models that describe the relationship between inflation and economic growth. Which of the followi...
We have discussed two models that describe the relationship between inflation and economic growth. Which of the following is a property of the New Keynesian Model but NOT the Real Business Cycle (RBC) Model? Monetary policy has no effect on long run economic growth Recessions can be caused by a fall in aggregate demand. Prices are fully flexible in both the short and long run. All the above are properties of the RBC model. None of the above are properties...
marketing 16. A period of economic activity when income, production and employment tend to fall, reducing...
marketing
16. A period of economic activity when income, production and employment tend to fall, reducing overall demand is called: a. Stagflation b. Inflation C. Recession d. Price escalation e. Prosperity 17. - Marketers are interested in trends involving consumer income after taxes and what remains after essentials have been paid for. This income is known as: a. Disposable income b. Discretionary income c. Savings rate d. Gross income e. Investment rate 18. ___Demography is the study of peoples: a....
1. In the beginning of 2017, the U.S. government predicted that economic growth would rise by...
1. In the beginning of 2017, the U.S. government predicted that economic growth would rise by 2019 and that the government's deficit would also increase. The government, therefore, was predicting that in 2019 the cyclical deficit would _______ and the structural deficit would _______. A. increase; increase B. decrease; increase C. increase; decrease D. decrease; decrease E. decrease; unchanged 2. Denmark's government budget was in surplus in 2014, and in deficit in the following year, 2015. We can conclude the...
marketing
16. A period of economic activity when income, production and employment tend to fall, reducing overall demand is called: a. Stagflation b. Inflation C. Recession d. Price escalation e. Prosperity 17. - Marketers are interested in trends involving consumer income after taxes and what remains after essentials have been paid for. This income is known as: a. Disposable income b. Discretionary income c. Savings rate d. Gross income e. Investment rate 18. ___Demography is the study of peoples: a....
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