Multiple Choice
Business fluctuations are fluctuations in the:
A) level of real GDP around its long-term trend.
B) level of nominal GDP around its long-term trend.
C) growth rate of real GDP around its trend growth rate.
D) growth rate of nominal GDP around its trend growth rate.
Correct Answer:
Verified
Correct Answer:
Verified
Q118: Which of the following describes the process
Q119: The aggregate demand curve shows that for
Q120: Using a graph of the AD and
Q121: Deflation can cause the economy's aggregate demand
Q122: Decreased import growth represents a positive AD
Q124: The aggregate demand curve shows the relationship
Q125: In the AD-AS model,an unexpected increase in
Q126: Increased spending growth shifts the AD curve
Q127: An increase in inflation immediately causes a
Q128: The slope of the aggregate demand curve