Refer to Figure 24-1. Ceteris paribus, a decrease in interest rates would be represented by a movement from
A) AD1 to AD2. B) AD2 to AD1. C) point A to point B. D) point B to point A.
A
Economics
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During a recession the unemployment rate generally ________ and during an expansion the unemployment rate generally ________
A) rises; rises B) rises; falls C) rises; does not change D) falls; rises E) does not change; falls
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This group is most likely to be harmed by inflation.
A. Debtors B. Persons on fixed incomes C. The young D. Foreigners
Economics