The pattern of recession,recovery,and expansion is known as the
A) economic cycle.
B) inflationary cycle.
C) deflationary cycle.
D) business cycle.
Correct Answer:
Verified
Q23: The difference between actual and potential GDP
Q24: Problems in _ are another possible cause
Q25: When unemployment is above the natural rate,
A)
Q26: _ policies of the government can also
Q27: Negative demand shifts can
A) be defined as
Q29: Negative supply shifts may lead to
A) excess
Q30: An example of a generally recession-resistant business
Q31: When the economy is operating at potential
Q32: If the NAIRU was 4.8% in 2002
Q33: The potential growth rate is sometimes also
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