Economic growth and economic fluctuations can occur simultaneously.

Name: Economic growth and economic fluctuations can occur simultaneously.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is true. Economic growth refers to a long-term increase in a country's real GDP, while economic fluctuations refer to short-term movements in GDP due to business cycles. Both can happen at the same time, such as when a country experiences a period of economic growth but also goes through ups and downs in the business cycle.

Economic Growth and Economic Fluctuations Can Occur Simultaneously