16) Doing a contractionary phase of the business cycle which of the following most likely of occurs? OL (ehich of the following pairs of terms is used to describe fluctuations in thea) Real and Nominalb) Expand and contractc) Revenue and expenditured) Deficit and debtwollel sb to doid V16. During a contractionary phase of the business cycle, which of the following most likelyoccurs?a) More tax revenues are remittedb) More goods and services are producedc) Fewer people are unemployedd) Fewer people are employed17. Which of the following regulations prevent price gouging?a) Price floorsb) Price fixingc) Price ceilingsd) Price inflation18. What does fiscal policy include?a) Taxesb) Interest ratesc) Government spendinga and c4Inches coolulationmort

Business cycles represents the recurrent ups and down in the level of GDP produced by an economy…

Answered: Doing a contractionary phase of the…

Business

Economics

Doing a contractionary phase of the business cycle which of the following most likely of occurs?

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 5CQQ

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Concept explainers

Demand and Supply

The concept of demand and supply is important for various factors. One of them is studying and evaluating the condition of an economy within a certain period. The analysis or evaluation of the demand-side factors is important for the suppliers to understand the consumer or individual behaviour. The evaluation of supply-side factors is important for the consumer or individuals to understand that what kind of combination of an economic good or what kind of economic good and services he or she should consume to maximise his utility and minimise the cost. Therefore, in microeconomics, both of these concepts are extremely important to have an idea that what exactly is going on in the economy.

Question

16) Doing a contractionary phase of the business cycle which of the following most likely of occurs?

OL (e
hich of the following pairs of terms is used to describe fluctuations in the
a) Real and Nominal
b) Expand and contract
c) Revenue and expenditure
d) Deficit and debt
wollel sb to doid V
16. During a contractionary phase of the business cycle, which of the following most likely
occurs?
a) More tax revenues are remitted
b) More goods and services are produced
c) Fewer people are unemployed
d) Fewer people are employed
17. Which of the following regulations prevent price gouging?
a) Price floors
b) Price fixing
c) Price ceilings
d) Price inflation
18. What does fiscal policy include?
a) Taxes
b) Interest rates
c) Government spending
a and c
4
Inches coolulation
mort

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