Name two macroeconomic variables that decline when an economy goes into recession, and name one macroeconomic variable that rises
Real GDP and investment both decline, unemployment rises.
Economics
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The world distribution of income has become more equal since 1970 because
A) the distribution of income within most countries has become more equal. B) foreign aid programs from rich nations have increased in size and especially in effectiveness. C) average incomes in poor nations, such as China, have risen faster than average incomes in rich nations, such as the United States. D) None of the above answers are correct.
Economics
Based on the information above, the non-employment rate is
A) 4%. B) 9.1%. C) 10%. D) 60%. E) 66%.
Economics