The defining feature of business cycles is that they
A) are inherently bad.
B) represent the underlying trend of real GDP in the economy.
C) are fluctuations about trend in real GDP.
D) measure prospects for future growth in the economy.
E) measure standards of living and productivity.
Correct Answer:
Verified
Q1: Why is forecasting GDP in the long
Q2: Comovement relates to
A) the relationship between real
Q4: Comovement can be determined by
A) examining a
Q5: A business cycle peak is a
A) small
Q6: The defining feature of business cycles is
Q7: Amplitude of the business cycle is
A) the
Q8: An example of a statistical model is
Q9: Positive correlation between x and y implies
Q10: The property that macroeconomic variables fluctuate together
Q11: Business cycle persistence refers to the property
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