Multiple Choice
The switching between recessions and expansions is known as the:
A) unemployment rate.
B) long-run economic growth.
C) business cycle.
D) macroeconomy.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q24: Which statement about the U.S. economy is
Q25: With inflation:<br>A) overall prices are increasing, although
Q26: Expansions are periods when real GDP and
Q27: Which statement is TRUE?<br>A) In the past
Q28: Economists have identified several consecutive quarters of
Q30: The point on a business cycle when
Q31: Which statement is CORRECT?<br>A) Supply and demand
Q32: Long-run economic growth is best measured by:<br>A)
Q33: Long-run growth is a(n):<br>A) sustained upward trend
Q34: Macroeconomics focuses on:<br>A) the economy as a