Real GDP decreases during
A) the movement from trough to peak.
B) a decrease in unemployment.
C) the movement from peak to trough.
D) the movement from below potential GDP back to potential GDP.
Correct Answer:
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Q198: The business cycle refers to
A) changes in
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
Q204: The business cycle is the
A) regular fluctuations
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
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