McqMate
| Q. |
During the recessionary phase of a business cycle |
| A. | The natural rate of unemployment will increase dramatically |
| B. | Potential national income will exceed actual national income |
| C. | Actual national income will exceed potential national income |
| D. | The real rate of interest will exceed the nominal rate of interest. |
| Answer» A. The natural rate of unemployment will increase dramatically | |
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Fundamentals of Economics and ManagementNo comments yet