Business cycles are
A) irregular, with some having two recessions and no expansion.
B) predictable, with a recession following a trough.
C) unpredictable, but always have two phases and two turning points.
D) unpredictable, and don't always have two phases and two turning points.
Correct Answer:
Verified
Q201: A common definition of a recession is
Q202: A common definition of a recession is
Q203: The term "business cycle" most closely refers
Q204: In any year, real GDP
A) must always
Q205: The business cycle refers to
A) fluctuations in
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
Q211: _ refers to a period when the
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