A business cycle is the pattern of short-run upward and downward movements in production and jobs
Indicate whether the statement is true or false
TRUE
Economics
You might also like to view...
If taxes fall and foreign income falls, what will happen to output, ceteris paribus?
A) It will rise. B) It will stay the same. C) It will fall. D) It is uncertain what will happen.
Economics
A horizontal LM curve implies that the expenditure multiplier, when compared with the simple Keynesian expenditure multiplier, is
A) smaller. B) larger. C) equal. D) equal to the inverse of the simple multiplier.
Economics