Real GDP decreases during
A) the movement from trough to peak.
B) the movement from below potential GDP back to potential GDP.
C) the movement from peak to trough.
D) a decrease in unemployment.
C) the movement from peak to trough.
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Which of the following is an example of transitory income?
a. John's $30,000 per year salary as a junior high school science teacher b. Linda's $40,000 per month income from bond market investments c. Paul's $15 per week earnings from selling aluminum cans he collects from along the side of the road d. Ringo's $100 prize for winning a radio talk-show contest e. George's $6,000 per year earnings in his second job, moonlighting as a clerk in a video rental store
If one day a terrible disease were to wipe out over one-half of the orange trees in the United States, which of the following would likely result?
A. The demand curve for orange juice would shift to the right. B. The supply curve of orange juice would shift upward and to the left. C. The supply curve of orange juice would shift downward and to the right. D. The demand curve for orange juice would shift to the left.