Payments from the government for which there is no exchange of productive goods or services are called ______ payments and they tend to rise during a recession and fall during an economic expansion.wage or salaryprocyclicaltransferfactor

If the price level of an economy increases at a slower rate than nominal wages, then the purchasing power of workers has ________, while real wages have ________. risen; risen remained the same; risen remained the same; fallen risen; remained the same fallen; fallen

Investment spending ________ during a recession and ________ during an expansion. a. declines; increases b. declines; declines c. increases; declines d. increases; increases

The United States has shifted from a ________ economy to a ________ economy over the past three decades.Question 14Select one:a.service; manufacturingb.minimum wage; fair wagec.public-sector; private-sectord.manufacturing; servic

During an economic recession, when real GDP falls, unemployment usually               .Group of answer choicesfallsrisesstays the samefalls or rises

During this phase, output and employment are rising and so is consumer spending.Select one:a. Double Dip Recessionb. Expansionc. Recoveryd. Contraction