The business cycle is the
A) regular fluctuations of real GDP below potential GDP.
B) irregular fluctuations of prices around real GDP.
C) irregular fluctuations of real GDP around potential GDP.
D) regular growth rate of the real GDP.
Correct Answer:
Verified
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
Q205: A recession is commonly defined as occurring
Q206: What term is used to describe the
Q207: Business cycles
A) are all identical in duration
Q208: Which of the following are parts of
Q209: A common definition of a recession is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents