Short-run movements in the indicators of the business cycle are very accurate in defining business cycles.

Question

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Short-run movements in the indicators of the business cycle can be influenced by many factors, including random fluctuations and temporary shocks to the economy, making them less reliable in defining business cycles. To accurately identify business cycles, economists often look at longer-term trends and patterns in the data.

Short-Run Movements in the Indicators of the Business Cycle Are