Frictional unemployment is a sign of a healthy economy because
A. workers become more productive after taking vacations.
B. economic growth remains steady.
C. workers seek labor where they can provide the most value to their respective employer.
D. wages fall, which forces workers to compete.
Answer: C
Economics
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In sequential order, the four phases of the business cycle are
A) trough, peak, expansion, contraction. B) peak, contraction, trough, expansion. C) expansion, contraction, peak, trough. D) contraction, trough, peak, expansion.
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Because monetary stimulus overwhelmed fiscal contraction in the United States during the 1992- 2000 period,
a. real GDP grew. b. real GDP decreased. c. the rate of inflation increased. d. the budget deficit increased.
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