The term "business cycle" most closely refers to the
A) fluctuating profits of firms.
B) fiscal year.
C) accounting period used by firms.
D) alternating periods of expansions and recessions.
Correct Answer:
Verified
Q198: Potential GDP is
A) the maximum GDP that
Q199: Gross private domestic investment is a component
Q200: Potential GDP is
A) another name for real
Q201: A common definition of a recession is
Q202: A common definition of a recession is
Q204: In any year, real GDP
A) must always
Q205: The business cycle refers to
A) fluctuations in
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
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