The main measure of growth in the business cycle is ________.
A) the prices of products
B) the average number of hours worked by employees
C) aggregate output
D) unemployment

Question

Quizplus · Accepted Answer

Aggregate output, also known as Gross Domestic Product (GDP) is the main measure of growth in the business cycle as it reflects the total value of goods and services produced in a country during a particular period. It is used as an indicator of economic growth and can help policymakers make decisions regarding interest rates, government spending, and tax policies.

The Main Measure of Growth in the Business Cycle Is