The series of ups and downs the economy tends to move in is called
A) a depression.
B) the business cycle.
C) economic growth.
D) a recession.
Correct Answer:
Verified
Q182: The relationship between real GDP and potential
Q183: Potential GDP
A) is cyclical.
B) measures the maximum
Q184: The maximum amount of production that can
Q185: A business cycle is
A) the increase in
Q186: Real Gross Domestic Product is
A) the most
Q188: Which of the following is NOT
Q189: In any year, real GDP
A) always equals
Q190: In any year, real GDP
A) will always
Q191: Gross private domestic investment is a component
Q192: _refers to a period when the _decreases.
A)
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