Which of the following statements is true?
a. The four phases of the business cycle, in order, are: peak, recovery, trough, recession.
b. When unemployment is rising then real GDP is rising.
c. The economic problem typically associated with a recovery is rising unemployment.
d. Full employment exists in an economy when the unemployment rate equals the sum of frictional, and structural unemployment rates.
d
Economics
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Indicate whether the statement is true or false
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A price ceiling is only effective if it is above the market equilibrium
a. True b. False Indicate whether the statement is true or false
Economics