Multiple Choice
Business cycles are viewed as:
A) movements in the short-run equilibrium.
B) situations where aggregate demand does not equal short-run aggregate supply.
C) inevitable; every economy must experience them.
D) movements in the long-run equilibrium.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q94: What should be the impact on aggregate
Q95: Empirical evidence suggests that over the last
Q96: How would the discovery of a previously
Q97: What would be the impact on the
Q98: Temporary changes in inflation lead to adjustments
Q100: To an economist, the term "inflation" refers
Q101: If the level of current output suddenly
Q102: Evidence seems to point out that just
Q103: Short-run movements in inflation and output are
Q104: In the short run, the point on