The branch of macroeconomics concerned with changes in the natural real GDP is the theory of
A)business cycles.
B)economic growth.
C)GDP gaps.
D)unemployment.

Question

Quizplus · Accepted Answer

The branch of macroeconomics concerned with changes in the natural real GDP is called economic growth. Economic growth refers to an increase in the production of goods and services in an economy over a certain period of time. It is measured by changes in real GDP, which adjusts for inflation. A) Business cycles refer to the fluctuations in economic activity around the long-term trend of economic growth. C) GDP gaps refer to the difference between actual GDP and potential GDP. D) Unemployment refers to the number of people who are actively looking for a job but cannot find one.

The Branch of Macroeconomics Concerned with Changes in the Natural