Sometimes it is useful to separate economic movements into
A)short-run growth and business cycle fluctuations.
B)long-run growth and business cycle fluctuations.
C)short-run growth and income movements.
D)long-run growth and income movements.
E)employment growth and business cycle fluctuations.

Question

Quizplus · Accepted Answer

Long-run growth refers to sustained increases in the economy's overall level of output, while business cycle fluctuations refer to short-term fluctuations in output and employment around the long-run trend. Separating economic movements into these two categories helps us to better understand the underlying drivers of economic growth and the causes of business cycles.

Sometimes It Is Useful to Separate Economic Movements into