The belief that the government can do absolutely nothing in either the short run or the long run to reduce the unemployment rate, because people will anticipate the government's actions and respond to it, is held by the

The instant runoff voting method is also known as a single transferrable vote system

Indicate whether the statement is true or false

A standard definition of recession is

A) a period of expansion in many sectors of the economy. B) an increase in GDP that lasts for at least 6 months. C) a decrease in GDP that lasts for at least 6 months. D) an increase in unemployment from one month to the next. E) a period of time when the unemployment rate exceeds 6.5 percent.