Periodic fluctuations in GDP are called business cycles.
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Q30: During a recession,both output and unemployment fall.
Q31: One macroeconomic goal is to achieve an
Q32: The unemployment rate is usually zero except
Q33: The phase of the business cycle characterized
Q34: If the unemployment rate is 6 percent,that
Q36: The Full Employment and Balanced Growth Act
Q37: Recessions are identified by
A) severe and long-lasting
Q38: The United States economy has achieved the
Q39: If the unemployment rate has reached an
Q40: In the Full Employment and Balanced Growth
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