Business cycle macroeconomics deals with ___________Natural Real GDP level,while economic growth macroeconomics deals with ________________ Natural Real GDP level.
A) movements around a given; movements to a new
B) movements to a new; movements around a given
C) economies experiencing a falling; economies with a growing
D) economies experiencing a growing; economies with a falling

Question

Quizplus · Accepted Answer

Business cycle macroeconomics focuses on the short-term fluctuations in economic activity around a given level of natural real GDP, whereas economic growth macroeconomics is concerned with the long-term increase in the economy's ability to produce goods and services, which is represented by movements to a new, higher level of natural real GDP.

Business Cycle Macroeconomics Deals with ___________Natural Real GDP Level,while Economic