After the Great Recession of 2007-09 ended, real GDP increased:
A. And unemployment fell in pace with the rising GDP
B. But unemployment fell more rapidly than the increase in GDP
C. But unemployment fell much slower than the increase in GDP
D. But unemployment continued to rise for three more years
C. But unemployment fell much slower than the increase in GDP
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Refer to the figure above. For an economy starting from the potential output a decrease in planned investment in the short run results in a
A. Recessionary output gap B. Expansionary output gap C. Increase in potential output D. Decrease in potential output
Everything else being the same, if the interest rate in the United States increases, then in the foreign exchange market the
A) demand for U.S. dollars will remain unchanged. B) demand for U.S. dollars will increase. C) demand for U.S. dollars will decrease. D) supply of U.S. dollars will increase.