Real GDP
A) can be called potential GDP when it is adjusted for price changes.
B) grows at a constant 3 to 4 percent per year.
C) fluctuates around potential GDP.
D) fluctuates from year to year but is always below potential GDP.
Correct Answer:
Verified
Q214: Business cycles are
A) predictable, with a recession
Q215: Which of the following is not a
Q216: The four parts of the business cycle
Q217: A common definition of a recession is
Q218: By common definition, a recession occurs when
A)
Q220: The term ʺbusiness cycleʺ most closely refers
Q221: A trough is the
A) lower turning point
Q222: Suppose the country of Dingo experienced an
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