If the economy is in the recessionary phase of the business cycle, aggregate demand ___ unemployment ____ inflation ___ and the current account of the balance of payments is likely to move towards ____?

Related Mcqs:

Government policies that focus on changing taxes and government spending are called ?

A. fiscal policies B. incomes policies C. supply-side policies D. monetary policies...

Within the circular flow of income, an increase in domestic income will tend to increase ?

A. exports B. taxes C. inventories D. imports...

Reducing inflation is a more important objective than economic growth is an example of ?

A. Normative economics B. Positive economics C. Objective economics D. Reality economics...

Cyclical unemployment is the ?

A. Portion of unemployment that is due to the normal working of the labour market B. Portion of unemployment that is due to changes in the structure of the economy that results in a significant loss of jobs in certain industries. C. Unemployment that results when people become discouraged about their chances of finding a … Cyclical unemployment is the ?Read More...

If the US economy is forecast to come out of recession because military expenditure has increase then the exchange value of the UK pound will tend to ?

A. depreciate B. not be affected C. fluctuate more than it would do therwise D. appreciate...