Multiple Choice
Over a business cycle, the quantities of capital, human capital, and entrepreneurial talent
A) change gradually and do not fluctuate much.
B) are completely unpredictable and cannot be forecast.
C) cycle more than real GDP.
D) are constant and do not change.
E) cycle alongside real GDP.
Correct Answer:

Verified
Correct Answer:
Verified
Q3: During the late 1960s, U.S. defense spending
Q4: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2787/.jpg" alt=" - The aggregate
Q5: The aggregate demand curve shifts when any
Q6: As the money wage rate increases,<br>A)potential GDP
Q7: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2787/.jpg" alt=" In the figure
Q9: If the price of oil rises, the<br>A)AD
Q10: If real GDP is less than potential
Q11: According to the AS-AD model,<br>A)the AS curve
Q12: If European economies enter a recession,<br>A)the quantity
Q13: The slope of the aggregate supply curve