Which of the following macroeconomic variables is procyclical and leads the business cycle?
A) Business fixed investment
B) Residential investment
C) Nominal interest rates
D) Unemployment
B
Economics
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An increase in unearned income always creates a disincentive to work
Indicate whether the statement is true or false
Economics
Which of the following is NOT an assumption used in deriving a production possibilities curve?
A) The labor force is growing at a constant rate. B) Resources are fully employed. C) Technology is constant. D) The quantity of resources is constant.
Economics