Question

2. Which of the following does the economy experience during a recession?

a. rising employment and income

b. rising employment and falling income

c. rising income and falling employment

d. falling employment and income



____ 3. Which of the following best defines business cycles?

a. long-term trends in economic activity

b. regular, predictable fluctuations in GDP

c. the rise and fall of multinational companies

d. fluctuations in the economy

Answer 1

2.d

3.d