Some economists prefer to use the term business fluctuations rather than business cycles to describe the historical growth record in the United States because:
A) Cycles include a trough phase while fluctuations do not
B) Cycles imply regularity while fluctuations do not
C) Fluctuations include an expansion phase while cycles do not
D) Fluctuations are relatively predictable events
Correct Answer:
Verified
Q7: The recurrent ups and downs in the
Q8: Q9: A trough in the business cycle occurs Q10: Which phase of the business cycle would Q11: The Great Recession that started in 2007 Q14: During the Great Depression of the 1930s, Q16: What has been the range of the Q17: Which of the following groups declares the Q143: What has been the range for the Q147: Which statement is correct?
A)All sectors of the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents