A business cycle is
A) the increase in consumer spending that accompanies an increase in disposable income.
B) the cyclical change in the nationʹs balance of trade.
C) the pattern of short-run upward and downward movements in total output.
D) the cyclical movement in the interest rates.
Correct Answer:
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Q180: An indirect tax is a tax paid
Q181: In years with inflation, nominal GDP increases
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
Q186: Real Gross Domestic Product is
A) the most
Q187: The series of ups and downs the
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
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