Which of the following best defines business cycles?
A) long-term trends in economic activity
B) regular, predictable fluctuations in GDP
C) the rise and fall of multinational companies
D) fluctuations in the economy
Correct Answer:
Verified
Q2: On average, over the past 150 years,
Q3: Which of the following happens during recessions?
A)
Q4: What does real GDP measure?
A) the dollar
Q5: Most economists use the aggregate demand and
Q6: What typically rises during a recession?
A) the
Q7: Below are pairs of GDP growth rates
Q8: During Canada's three last recessions, investment spending
Q9: How does the size of investment as
Q10: What happens to sales and profit during
Q11: Which part of real GDP fluctuate most
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