Macroeconomics Study Set 48
Quiz 6: Macroeconomics: the Big Picture
Following a Trough, Real Gdp Increases
Following a trough, real GDP increases.
Explore answers and all related questions
Expansions are periods when real GDP and employment are growing.
Recessions are periods in which output and employment are falling.
Business cycles are defined by the expansion, contraction, then expansion again of nominal GDP.
Explore all questions
How it work
Terms And Conditions
© 2020 QuizPlus. All Right Reserved