A short-run change in ________ is referred to as a business cycle.
A) the growth rate of real GDP
B) the aggregate price level
C) the currency exchange rate
D) the expenditure incurred by the government

Question

Quizplus · Accepted Answer

A business cycle refers to the short-run fluctuations in the growth rate of real GDP. The other options listed are not directly related to business cycles.

A Short-Run Change in ________ Is Referred to as a Business