To compare economic fluctuations in different countries, one should look at
A) the percent difference between real and nominal GDP.
B) the difference between potential and real GDP measured in dollars.
C) the difference between real and nominal GDP measured in dollars.
D) the difference between aggregate demand and real GDP measured in dollars.
E) the percent difference between potential and real GDP.
Correct Answer:
Verified
Q12: Economic fluctuations in the United States have
Q13: The 2008-09 recession proved to be mild
Q14: In a boom year,
A)potential GDP equals real
Q15: The text defines economic fluctuations as
A)the rise
Q16: Manufacturing capacity utilization in normal times typically
Q18: Over the period from 1982 to 2007,
Q19: Economic fluctuations have been common only since
Q20: The study of economic fluctuations is
A)more important
Q21: In normal times, when the economy is
Q22: Is it possible for economic fluctuations to
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