To say that business cycles are persistent means that:
A) they typically have short and sharp recessions, followed by long and gradual expansions.
B) they usually last over 20 years.
C) current conditions typically continue in the near future.
D) growth rates in a cycle will always be higher than growth rates in the previous cycle.
Correct Answer:
Verified
Q1: The business cycle refers to the:
A)rise and
Q2: An economy's potential output level is:
A)the output
Q3: Which of the following correctly describes the
Q4: The four stages of the business cycle
Q5: How many stages are in the business
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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