MCQOPTIONS
Saved Bookmarks
| 1. |
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 ____? |
| A. | falls; falls; falls; surplus |
| B. | is static; low; rises; deficit |
| C. | falls; rises; falls; surplus |
| D. | rises; falls; rises; deficit |
| Answer» D. rises; falls; rises; deficit | |