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9) A decline over six months in real output is called: a) Recession b) Depression c) Stagflation d) Inflation 10) All of the following are

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9) A decline over six months in real output is called: a) Recession b) Depression c) Stagflation d) Inflation 10) All of the following are goals of macroeconomic policy, except: a) Low unemployment b) Stable prices c) Eliminating business cycles d) Preventing recessions 11) The type of unemployment that least concerns macroeconomists is called: a) Cyclical b) Structural c) Frictional d) Double digit 12) All of the following expenditures are components of aggregate demand, except: a) Consumption b) Investment c) Government d) Interest 13) The difference between Gross Domestic Product and National Income is: a) Depreciation b) Transfer payments c) Business taxes d) Disposable income

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