Which of the following is incorrect? During the Great Recession U.S:
a. Real GDP fell.
b. Unemployment rose.
c. Monetary base fell.
d. Inflation fell.
e. All of the above are correct.
.C
Economics
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The beginning of the formal budget process is signified by:
a. in the form of the Economic Report of the President b. in a report followed shortly by the Economic Report of the President. c. at the beginning of the fiscal year. d. in a report that should be voted up or down within 60 days. e. in a report that requires a two-thirds vote for ratification.
Economics
Use the graph below to illustrate and explain what would happen in the labor market if a minimum wage was established at a level above the equilibrium wage
What will be an ideal response?
Economics