Aggregate supply shocks can be either temporary or permanent.Both types can cause deviations from the trend output.
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Q3: Procyclical is a variable that is above
Q3: A cyclical peak or trough occurs when
Q7: Which of the following statements about economic
Q8: Recessions do not last forever because
A)workers get
Q10: Marietjie maintains that she can predict when
Q11: A recession occurs
A)when economic growth declines.
B)when there
Q12: The amplitude measures the difference between start
Q14: Business cycles have fairly regular time gaps
Q17: Economists refer to fluctuations in output as
Q19: Which of the following best apply to
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