A business cycle has two turning points,which are the
A) recession and trough.
B) peak and recession.
C) trough and peak.
D) expansion and recession.
E) peak and expansion.
Correct Answer:
Verified
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
Q150: The business cycle describes
A)the change in potential
Q151: In 1961,real GDP totaled $575 billion and
Q153: Which of the following is NOT included
Q154: Which of the following is NOT part
Q155: If we use GDP to measure our
Q156: The difference between nominal GDP and real
Q157: Nominal GDP can change
A)only if prices change.
B)only
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