A headline states: "Real GDP falls again as the economy slumps." This condition is most likely to produce what type of unemployment?
a. Structural
b. Cyclical
c. Natural
d. Frictional
b. Cyclical
Economics
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When the price level is rising at ______ and the real interest rate is 1 per-cent a year, the nominal interest rate is 3 percent a year
A. 4 percent a year B. 3 percent a year C. 2 percent a year D. 1 percent a year
Economics
The recession of 2001 began in ________ and ended in ________
A) March; November B) February; December C) April; October D) February; October
Economics