Answer to Question #116414 in Macroeconomics for dd

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