What is most likely to occur during the expansionary phase of the business cycle?     A.) Real GDP increases and unemployment decreases B.) Inflation increases and unemployment increases C.) Real GDP decreases and inflations increases D.) Real GDP decreases and unemployment decreases

Principles of Macroeconomics (MindTap Course List)
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Author:N. Gregory Mankiw
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Chapter20: Aggregate Demand And Aggregate Supply
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What is most likely to occur during the expansionary phase of the business cycle?

 

 

A.)

Real GDP increases and unemployment decreases

B.)

Inflation increases and unemployment increases

C.)

Real GDP decreases and inflations increases

D.)

Real GDP decreases and unemployment decreases

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