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 ____?
Options:
Answer:
If the economy is in the recessionary phase of the business cycle, aggregate demand falls; rises; falls; surplus unemployment falls; rises; falls; surplus inflation falls; rises; falls; surplus and the current account of the balance of payments is likely to move towards falls; rises; falls; surplus.
