If the Economy in the Short Run Is Experiencing a Recessionary

question 120

Multiple Choice

If the economy in the short run is experiencing a recessionary gap,we are likely to see

• A)severe and widespread labour shortages.
• B)quickly rising output prices.
• C)an increase in the number of workers receiving employment-insurance benefits.
• D)the number of employment-insurance recipients the lowest ever.
• E)consumers optimistic about the future.

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Definitions:

Unqualified U.S.-Origin Claim

A claim that suggests a product is entirely made in the U.S. without any conditions or exceptions, implying complete domestic production.

Misleading Advertising

Misleading advertising refers to marketing material that deceives or is likely to deceive, and can significantly alter a consumer's economic behavior.

Class Action

A class action is a lawsuit filed by one or more plaintiffs on behalf of a larger group of people who are similarly affected, to address issues common to the entire class.

Physical Presence

The actual, bodily existence of a person or entity in a specific location at a given time.