Multiple Choice
Business cycles are the result of
A) regular shifts of the AD curve only.
B) irregular shifts of the SAS curve only.
C) regular shifts of both the AD and SAS curves.
D) irregular shifts of both the AD and SAS curves.
Correct Answer:

Verified
Correct Answer:
Verified
Q52: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above
Q53: People expect that the El Niño effect
Q54: The short-run aggregate supply curve is upward
Q55: An inflationary gap occurs when<br>A) real GDP
Q56: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -An inflationary gap
Q58: Moving upward along the short-run aggregate supply
Q59: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The curve labeled
Q60: The aggregate demand curve shows that, if
Q61: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above
Q62: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The reason that