Which of the following is most likely to occur during recession?
a. Increase in wage rate
b. Decrease in potential real GDP
c. Increase in the market rate of interest
d. Decrease in the average price level
e. Decrease in the government transfer payments
d
Economics
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Refer to the figure above. What is the equilibrium quantity of credit when the credit demand curve is CD1 and the credit supply curve is CS1?
A) $50 B) $20 C) $40 D) $30
Economics
If the price of one input changes, generally the firm will change its use of both inputs
a. True b. False Indicate whether the statement is true or false
Economics