Multiple Choice
Some economists prefer to use the term business fluctuations rather than business cycles to describe the historical growth record in the United States because
A) cycles include a trough phase, while fluctuations do not.
B) cycles implies regularity, while fluctuations does not.
C) fluctuations include an expansion phase, while cycles do not.
D) fluctuations are relatively predictable events.
Correct Answer:
Verified
Correct Answer:
Verified
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