The business cycle refers to
A) changes in the level of the stock market.
B) changes in the level of nominal GDP.
C) changes in the level of employment.
D) fluctuations in the level of real GDP around potential GDP.
Correct Answer:
Verified
Q193: Potential GDP is the
A) the maximum amount
Q194: Potential GDP is
A) always different from real
Q195: _gross domestic product is the value of
Q196: Which of the following is TRUE regarding
Q197: Suppose an economy has some inflation. Then,
Q199: Potential GDP is
A) a goal that can
Q200: Real GDP measures the
A) general upward drift
Q201: When a recession ends, the turning point
Q202: Which of the following is TRUE regarding
Q203: Real GDP decreases during
A) the movement from
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