The amplitude measures the difference between start and end of the business cycle.
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Q7: Which of the following statements about economic
Q8: A cyclical peak or trough occurs when
Q9: If you and your friends are still
Q10: A technical definition gives a recession occurring
Q11: In the New Classical model, when output
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)
Q17: Economists refer to fluctuations in output as
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