Which of the following statements is false?
A) Economic fluctuations include recessions and rapid expansions.
B) Economic fluctuations seem to have diminished in severity.
C) Economic fluctuations are an important subject in the study of economics.
D) Economic fluctuations did not occur until the twentieth century.
E) Economic fluctuations are departures from the long-run growth trend.
Correct Answer:
Verified
Q4: Between December 2007 and June 2009,
A)the United
Q5: The economy's long-term growth trend for GDP
Q6: Exhibit 23-1 Q7: Exhibit 23-1 Q8: At the end of a recession Q10: Potential GDP represents what firms would want Q11: Economic fluctuations have been common for at Q12: Economic fluctuations in the United States have Q13: The 2008-09 recession proved to be mild Q14: In a boom year,
A)real GDP
A)potential GDP equals real
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