标题: Reading 25: U.S. Inflation, Unemployment, and Business Cycles [打印本页]
作者: honeycfa 时间: 2010-4-17 13:05 标题: [2010]Session 6-Reading 25: U.S. Inflation, Unemployment, and Business Cycles
LOS f: Explain how economic growth, inflation, and unemployment affect the business cycle.
The expansion phase of a business cycle is least likely characterized by:
|
A) |
increasing unemployment. | |
|
B) |
increasing inflationary pressures. | |
|
C) |
a positive rate of economic growth. | |
Unemployment is typically decreasing during the expansion phase of a business cycle.
作者: honeycfa 时间: 2010-4-17 13:05
During an economic contraction:
|
A) |
the unemployment rate typically decreases. | |
|
B) |
real GDP growth is greater than its sustainable long-term rate. | |
|
C) |
inflationary pressures are typically decreasing. | |
An economic contraction (recession) is typically characterized by decreasing inflationary pressures, increasing unemployment, and low or negative real GDP growth.
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