Which of the following is a correct sequence of events during an expansion?
A. Unemployment falls, income falls, tax revenue falls, unemployment benefits rise, and the budget deficit falls.
B. Unemployment falls, income rises, tax revenue falls, unemployment benefits rise, and the budget deficit rises.
C. Unemployment falls, income rises, tax revenue rises, unemployment benefits rise, and the budget deficit falls.
D. Unemployment falls, income rises, tax revenue rises, unemployment benefits fall, and the budget deficit falls.
Answer:D
Which of the following is a correct sequence of events during an expansion?
A. Unemployment falls, income falls, tax revenue falls, unemployment benefits rise, and the budget deficit falls. B. Unemployment falls, income rises, tax revenue falls, unemployment benefits rise, and the budget deficit rises. C. Unemployment falls, income rises, tax revenue rises, unemployment benefits rise, and the budget deficit falls. D. Unemployment falls, income rises, tax revenue rises, unemployment benefits fall, and the budget deficit falls.