Economists refer to fluctuations in output as the "business cycle" because movements in output are irregular and unpredictable.
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Q12: The amplitude measures the difference between start
Q13: An aggregate supply shocks can be either
Q14: Business cycles have fairly regular time gaps
Q15: Which technically correctly describes a recession?
A) a
Q16: A recession occurs:
A) When economic growth declines.
B)
Q18: Marjorie maintains that she can predict when
Q19: Which of the following best apply to
Q20: A severe and prolonged recessionary phase of
Q21: Which is most sensitive to concerns about
Q22: Deterministic trends are:
A) Where variables change by
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