1. The idea that the business cycle is recurrent means that the standard pattern of contraction-trough-expansion-peak occurs again and again in industrial economies. Which of the following is NOT likely if an economy is in a recession or headed for one? A) A decrease in consumer confidence. C) Firms/producers are eager to increase their investment. B) An increase in unemployment. D) All of the above.

1. The idea that the business cycle is recurrent means that the standard pattern of contraction-trough-expansion-peak occurs again and again in industrial economies. Which of the following is NOT likely if an economy is in a recession or headed for one? A) A decrease in consumer confidence. C) Firms/producers are eager to increase their investment. B) An increase in unemployment. D) All of the above.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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