Which of the following will most likely occur during the contractionary phase of a business cycle?
a. Real GDP rises, and the unemployment rate falls.
b. Real GDP declines, and the rate of inflation rises.
c. The sales of most businesses decline, and the unemployment rate rises.
d. Inflation rises, and employment/population ratio falls.
C
Economics
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Which of the following is not part of M2?
a. savings-type deposits b. noninstitutional money market mutual fund balances c. small time deposits d. large time deposits (over $100,000) e. cash held by the public
Economics
Which type of unemployment is most likely to help the economy become more efficient?
a. cyclical b. structural c. seasonal d. frictional e. underemployment
Economics