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QUESTION 9: Answer the following parts accordingly. 0 If you knew which point on the Phillips Curve the economy was currently on, could you calculate

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QUESTION 9: Answer the following parts accordingly. 0 If you knew which point on the Phillips Curve the economy was currently on, could you calculate the misery index (discussed in chapter 9)? A. Yes B. No 1. What is unusual about the recent decline in GDP for two consecutive quarters is. A. It usually only occurs in wartime. B. the unemployment rate has not increased, which makes it difficult to determine whether we are in a recession C. the NBER seems totally oblivious to the recession. D the NBER has deferred judgment on whether to call this a recession to the President and Congress I Agovernment purchase of a good or services affects GDP. Atransfer payment such as social security affects Personal Income. A. true B. false

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