The business cycle refers to
A) fluctuations in the level of real GDP around potential GDP.
B) changes in the level of nominal GDP.
C) changes in the level of employment.
D) changes in the level of the stock market.
Correct Answer:
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Q210: Which of the following is not a
Q211: The four parts of the business cycle
Q212: Business cycles are
A) unpredictable, and don't always
Q213: The business cycle is defined as the
A)
Q214: The term "business cycle" most closely refers
Q216: A business cycle is
A) the pattern of
Q218: The productivity slowdown in the United States
Q219: Real GDP
A) can be called potential GDP
Q219: Which of the following are parts of
Q220: When real GDP is less than potential
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