Question

can someone help me out here please?

Answer 1

21. How do fears of future economic problems affect GDP? (1 point)
businesses will invest more money in the short term to ensure higher profits in the future; GDP will be pushed up
consumers will spend more money in the short term to prevent future economic problems; GDP will be pushed up
government will spend less and save money for a future economic contraction; GDP will be reduced
consumers will spend less and save money in case future economic problems affect them; GDP will be reduced
22. What is the difference between a recession and a depression? (1 point)
A recession is a period of economic growth while a depression is a period of economic contraction.
A recession is more severe than a depression and lasts longer.
A depression is a particularly deep recession with high levels of unemployment.
Unlike a recession, a depression includes high levels of inflation.
23. An economy that experiences decreasing real GDP and increasing prices is said to suffer from (1 point)
a recession.
a depression.
a business cycle.
stagflation.
24. When Alison, a college math professor, leaves her job at a small rural college and starts looking for a job at a large urban university, she is (1 point)
frictionally unemployed.
structurally unemployed.
cyclically unemployed.
a discouraged worker.