Multiple Choice
Which of the following statements is true?
A) There is one commonly accepted theory about the causes of economic fluctuations.
B) Each business cycle is unique in terms of its length and intensity.
C) The phases of the business cycle are best represented by a linear-trend line.
D) The peak phase of a business cycle occurs when Nominal GDP is at its maximum.
Correct Answer:
Verified
Correct Answer:
Verified
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