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:

Scores

Numerical values assigned to individual items or responses, representing the magnitude of some measured attribute or characteristic.

Range

The difference between the largest and smallest values in a set of data, representing the spread or dispersion of the data set.

Inclusive Range

The difference between the highest and lowest values in a data set, taking into account both extreme values.

Scores

Quantitative values assigned to individuals or objects for the purpose of comparison or measurement.