The business cycle describes
A) the change in potential GDP over time.
B) the change in the standard of living across countries.
C) the behavior of real GDP over time.
D) the behavior of nominal GDP over time.
E) the behavior of GNP over time.
Correct Answer:
Verified
Q145: Although imperfect,which of the following is used
Q146: GDP is
A)a perfect measure of the standard
Q147: Expenditures in GDP do not include
A)used goods
Q148: Over the business cycle,
A)potential GDP fluctuates around
Q149: A south sea island produces only coconuts.In
Q151: In 1961,real GDP totaled $575 billion and
Q152: A business cycle has two turning points,which
Q153: Which of the following is NOT included
Q154: Which of the following is NOT part
Q155: If we use GDP to measure our
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