Which of the Following Statements Is True

question 84

Multiple Choice

Which of the following statements is true?

• A)There is no relationship between real GDP and the unemployment rate over a business cycle.
• B)During a business cycle, the unemployment rate declines at the same time real GDP declines.
• C)During a business cycle, the unemployment rate increases at the same time real GDP declines.
• D)During a business cycle, the unemployment rate increases at the same time real GDP increases.
• E)During a business cycle, the unemployment rate increases only if real GDP is below potential GDP.

---

Definitions:

Food Supplier

A business or individual that provides food products to retailers, restaurants, or directly to consumers.

Magnuson-Moss Act

A federal law enacted to protect consumers, governing warranties on consumer products to ensure transparency and fairness.

Full Warranty

is a comprehensive guarantee that a manufacturer or seller makes, promising to repair, replace, or refund a product if it fails within a specified period.

Implied Warranty

A guarantee that is not written or spoken but is understood and legally binding, ensuring goods or services meet certain standards of quality and reliability.