Question #116414
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
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
Expert's answer
2.d
3.d
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