Multiple Choice
Wesley Mitchell coined the concept of a cycle relative. What is a cycle relative?
A) The cycle relative is defined as the average of an economic series for one whole cycle.
B) The cycle relative is defined as the original data in a stage divided by the number of stages.
C) The cycle relative is defined as the original data in a stage divided by the cycle base.
D) The cycle relative is defined as the relative number of stages in a cycle.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Progressive economists such as Wesley Mitchell<br>A) showed
Q2: Table 41a<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBR1467/.jpg" alt="Table 41a
Q3: Table 41a<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBR1467/.jpg" alt="Table 41a
Q4: Table 41a<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBR1467/.jpg" alt="Table 41a
Q5: Wesley Mitchell divided the business cycle into
Q6: Many economists argue that the unemployment rate
Q8: Wesley Mitchell made a study of business
Q9: Table 41a<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBR1467/.jpg" alt="Table 41a
Q10: Table 41a<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBR1467/.jpg" alt="Table 41a
Q11: What is meant by the cycle base?<br>A)