Which type of unemployment is the consequence of downturns in the business cycle?
A) structural
B) expansionary
C) cyclical
D) natural
E) frictional
C
Economics
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The government spending multiplier is likely to be smaller during periods of
A. low output and high unemployment. B. high output and low unemployment. C. low output and low unemployment. D. high output and high unemployment.
Economics
An increase in wages in the public sector is caused solely by increased labor productivity in that sector.
Answer the following statement true (T) or false (F)
Economics