Business cycles in macroeconomics are
A) the increase in a nation's productive capacity over a long period of time.
B) the economic interrelationships among nations.
C) changes in the average standard of living over time.
D) short-run ups and downs in aggregate economic activity.
E) profits and losses of firms.
Correct Answer:
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Q1: The structure of a macroeconomic model involves
A)
Q2: Which of the following is a fundamental
Q4: Which of the following topics is a
Q5: The two key business cycle events in
Q6: The relationship between the level of growth
Q7: The largest deviation in real per capita
Q8: Since 1870,the typical Canadian
A) became ten-times as
Q9: Sometimes it is useful to separate economic
Q10: Primarily,macroeconomists use microeconomic principles to study
A) business
Q11: Since World War II,deviations from trend real
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