Multiple Choice
Which of the following statements about economic fluctuations is true?
A) None of these answers
B) A depression is a mild recession.
C) A variety of spending, income, and output measures can be used to measure economic fluctuations because most macroeconomic quantities tend to fluctuate together.
D) A recession is when output rises above the natural rate of output.
E) Economic fluctuations have been termed the "business cycle" because the movements in output are regular and predictable.
Correct Answer:
Verified
Correct Answer:
Verified
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