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Economics Mcqs
Q
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 ____?
AA. Falls; falls; falls; surplus
BB. Is static; low; rises; deficit
CC. Falls; rises; falls; surplus
DD. Rises; falls; rises; deficit
Correct Answer:
C. C. Falls; rises; falls; surplus