Solved

As It Relates to Economic Growth, the Term Long-Run Trend

Question 14

Multiple Choice

As it relates to economic growth, the term long-run trend refers to


A) the long-run increase in the relative importance of durable goods in the U.S. economy.
B) the long-term expansion or contraction of business activity that occurs over many years.
C) fluctuations in business activity that average 40 months in duration.
D) fluctuations in business activity that occur around Christmas, Easter, and other major holidays.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents