Which of the following correctly describes the business cycle?
A) It is the fluctuations of GDP around the potential output.
B) It is the constant rise in GDP over time.
C) It refers to ups and downs in business revenue during expansions and recessions.
D) It refers to excess unemployment during recessionary periods.
Correct Answer:
Verified
Q1: The business cycle refers to the:
A)rise and
Q2: An economy's potential output level is:
A)the output
Q4: The four stages of the business cycle
Q5: How many stages are in the business
Q6: To say that business cycles are persistent
Q7: Typically, business cycles:
A)have short and sharp recessions,
Q8: Which of the following stages of the
Q9: Which of the following indicators will probably
Q10: Which of the following will probably rise
Q11: Which of the following will rise when
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