Which of the following statements is true of unemployment?
A) In periods of contraction, the unemployment rate in an economy decreases.
B) The unemployment rate in most of the developed nations in the world is zero percent.
C) In periods of expansion, the unemployment rate in an economy increases.
D) The rate of unemployment is positive in any well-functioning economy.
D
Economics
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Workers in the 1800s building railroads by hand was an example of a(n) ____ intensive form of production
a. capital b. labor c. entrepreneurial d. working
Economics
When there is an expansionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; expand B. increase; raise; decline C. decline; lower; decline D. decline; raise; decline
Economics