The business cycle is:
A) the typical "life course" of a business from its founding to its demise
B) the typical "life course" of a business from its founding to its demise.
C) short-run fluctuation between expansion and contraction
D) short-run fluctuation between expansion and contraction.
E) long-run fluctuation between expansion and contraction
F) long-run fluctuation between expansion and contraction.
G) the changing industrial landscape, as some industries rise and replace others over time
H) the changing industrial landscape, as some industries rise and replace others over time.
Correct Answer:
Verified
Q138: A recession does NOT imply:
A)a sustained economic
Q139: When an economy is between the peak
Q140: One normally expects that unemployment decreases while
Q141: The _ of a business cycle marks
Q142: Following a _, real GDP _.
A)trough; increases
B)trough;
Q144: (Figure: The Business Cycle) Q145: Recessions are periods when _. Q146: (Figure: The Business Cycle) Q147: (Figure: The Business Cycle) Q148: Expansions are periods when _. Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)both output and
A)both real GDP
