Variations in real GDP are called:
A)inflation.
B)deflation.
C)economic fluctuations.
D)all of the above.

Name: Variations in real GDP are called: A)inflation. B)deflation. C)economic fluctuations. D)all of the above.
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Question

Quizplus · Accepted Answer

Variations in real GDP are called economic fluctuations, which refer to the ups and downs in economic activity over time. Inflation and deflation refer specifically to changes in the overall level of prices, and are not synonymous with changes in real GDP.

Variations in Real GDP Are Called