The business cycle occurs from:
A) changes in industry demand.
B) changes in local supply and taxes.
C) changes in weather.
D) changes in the costs of production and in total spending.
Correct Answer:
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Q1: What stage of the business cycle immediately
Q20: A recession is a decline in real
Q20: The phase of the business cycle that
Q21: What stage of the business cycle immediately
Q23: If the GDP gap is zero, we
Q24: Over time, real GDP tends to:
A) fluctuate.
B)
Q25: A coincident indicator:
A) highlights future changes in
Q26: Which of the following is not a
Q27: Total spending influences the business cycle because:
A)
Q29: Economic growth is measured by the annual
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