Multiple Choice
A business cycle refers to the
A) continued expansion in Real GDP.
B) recurrent swings (up and down) in Real GDP.
C) continued decline in Real GDP.
D) period when Real GDP grows at unusually high rates.
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q28: Real GDP is the value of all
Q29: Suppose that in year 1 every adult
Q30: Net exports equals<br>A) exports divided by imports.<br>B)
Q31: Which of the following goods is an
Q32: Investment equals inventory investment added to<br>A) business
Q34: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q35: Disposable income is<br>A) equal to GDP minus
Q36: Capital consumption allowance refers to<br>A) capital goods
Q37: Suppose the total market value of all
Q38: Net exports must always be a positive