Which of the Following Is a CORRECT Sequence of Events

question 47

Multiple Choice

Which of the following is a CORRECT sequence of events during a recession?

• A)unemployment falls,income falls,tax revenue falls,unemployment benefits rise,and the budget deficit rises
• B)unemployment rises,income falls,tax revenue falls,unemployment benefits rise,and the budget deficit rises
• C)unemployment rises,income falls,tax revenue rises,unemployment benefits fall,and the budget deficit falls
• D)unemployment rises,income rises,tax revenue rises,unemployment benefits rise,and the budget deficit rises

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Definitions:

Profits

The financial gain obtained when the amount earned from a business activity exceeds the expenses, costs, and taxes.

Price-Taking Farmer

A farmer who has no control over the market price and must accept the prevailing market prices for their products.

Corn Output

The overall amount of corn generated during a specific timeframe, commonly quantified in bushels or tons.

Workers

Individuals engaged in any form of employment or labor.