A business cycle refers to
A) fluctuations in the level of corporate profits.
B) seasonal unemployment patterns.
C) the ups and downs of real GDP.
D) changes in the long-term growth pattern of the CPI.
E) fluctuations in the general price level.
Correct Answer:
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Q1: The most widely used measure of a
Q2: The Great Depression
A) was a prolonged economic
Q3: The four phases of a business cycle,
Q4: The period between a peak and a
Q5: Which of the following would be considered
Q7: Business cycles are
A) variations in the economy
Q8: The part of a business cycle that
Q9: The three types of indicators classified by
Q10: The longest period of increasing real GDP
Q11: Figure 11.1
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