1) The trough of a contraction is a) an external shock that causes economic acti

Question

1) The trough of a contraction is a) an external shock that causes economic activity to decline. b) the rate at which the level of business activity is declining. c) the point in time at which the level of national business activity reaches a minimum before expanding again. d) the point in time at which the level of national business activity reaches a maximum before contracting again. 2) If a person is fired for poor performance, this person is considered a) frictionally unemployed. b) structurally unemployed. c) seasonally unemployed. d) a discouraged worker. 3) In discretionary fiscal policy, tax cuts are used to a) stimulate aggregate demand. b) dampen aggregate supply. c) stimulate aggregate supply. d) dampen aggregate demand.

Explanation / Answer

c) the point in time at which the level of national business activity reaches a minimum before expanding again.

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.