Economic Growth Differs from Business Cycles in That

Multiple Choice

Economic growth differs from business cycles in that

A) economic growth is a long run phenomenon; business cycles are short term
B) economic growth is largely a demand phenomenon; business cycles are strictly a supply phenomenon
C) economic growth is more responsive than business cycles to monetary policy
D) economic growth is ultimately a monetary phenomenon; business cycles are not
E) economic growth is determined largely by foreign trade; business cycles are a strictly domestic phenomenon