The business cycle is the
A) irregular fluctuations of real GDP around potential GDP.
B) irregular fluctuations of prices around real GDP.
C) regular growth rate of real GDP.
D) regular fluctuations of real GDP below potential GDP.
Correct Answer:
Verified
Q7: The difference between gross investment and net
Q8: In the circular flow model of an
Q9: Real GDP can be criticised as a
Q10: Which of the following expenditures is for
Q11: Consumption expenditure is the payment by households
Q13: Suppose XYZ Ltd. buys a new copier
Q14: A trough is the
A)upper turning point of
Q15: Real GDP is not a perfect indicator
Q16: Gross domestic product
A)measures the value of labour
Q17: In the circular flow of economic activity,
A)aggregate
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