Which of the following rises during a recession?
A) Gross Domestic Product B) Investment
C) Unemployment D) Consumption
C
You might also like to view...
Initially a firm pays a wage and gets an output per worker which are given index numbers of 1.00. Five possible 3 percent increases in the wage and the accompanying output per worker are as follows:
1.03 and 1.09, 1.06 and 1.17, 1.09 and 1.24, 1.13 and 1.29, 1.16 and 1.31. What is the efficiency wage? A) 1.03 B) 1.06 C) 1.09 D) 1.13 E) 1.16
Other things constant, if the cost of labor goes down, the profits of firms will
a. increase, and short-run aggregate supply will shift to the right. b. fall, and short-run aggregate supply will shift to the left. c. increase, and long-run aggregate supply will shift to the right. d. fall, and long-run aggregate supply will shift to the left.