The defining feature of business cycles is that they
A) are inherently bad.
B) represent the underlying trend of real GDP in the economy.
C) are fluctuations about trend in real GDP.
D) measure prospects for future growth in the economy.
E) measure standards of living and productivity.
Correct Answer:
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Q1: The 2008-2009 recession was more severe than
Q2: The property that macroeconomic variables fluctuate together
Q4: In Canada, three important recessions occurred between
A)
Q5: Before 2000, the three most recent Canadian
Q6: Why is forecasting GDP in the long
Q7: Comovement can be determined by
A) examining a
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Q9: Robert Lucas has popularized the notion that
Q10: A business cycle peak is a
A) small
Q11: Amplitude of the business cycle is
A) the
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