Time bunching results in:
A) seasonal cycles of business activity.
B) a smooth trend in real GDP over time.
C) shocks having a smaller effect on the economy.
D) people working more during recessions.

Question

Quizplus · Accepted Answer

Time bunching results in seasonal cycles of business activity, where certain periods of time (e.g. holidays, harvest seasons) can result in a temporary spike in economic activity. This can lead to seasonal variations in GDP and other economic indicators.

Time Bunching Results In