Which of the following is true?
A) The business cycle is a maximum period of economic growth.
B) The rise and fall in nominal GDP is a significant indicator of the business cycle.
C) Employment growth indicates a downturn in the business cycle.
D) Increase in employment indicates a phase of economic growth.
Correct Answer:
Verified
Q29: The GDP gap is the difference between:
A)
Q30: The GDP gap measures:
A) the value of
Q31: The GDP gap is the difference between:
A)
Q32: The trough is the point:
A) at which
Q33: The level of GDP that could be
Q35: The trough is good news because:
A) it
Q36: Which of the following is true?
A) The
Q37: Which of the following is true?
A) The
Q38: The business cycle is the:
A) succession of
Q39: If real GDP is currently $500 billion,
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