________ refers to a period when the ________ decreases.
A) Recession; growth rate of nominal GDP
B) Recession; growth rate of output per person
C) Productivity growth slowdown; growth rate of real GDP
D) Productivity growth slowdown; growth rate of output per person
Correct Answer:
Verified
Q206: Business cycles are
A) irregular, with some having
Q207: The four parts of the business cycle
Q208: Real GDP
A) fluctuates from year to year
Q209: Which of the following is TRUE regarding
Q210: In any year, real GDP
A) must always
Q212: The relationship between real GDP and potential
Q213: A business cycle is
A) the pattern of
Q214: Which of the following are parts of
Q215: The business cycle is the
A) regular growth
Q216: Which of the following statements is TRUE?
A)
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