Multiple Choice
What is the business cycle?
A) The periodic cycles of profits and losses that all firms experience.
B) The natural evolution of new firms growing quickly at first,then slowing and fading into obsolescence.
C) The fact that Real GDP falls as often as it rises.
D) The expansionary and contractionary phases in the growth rate of Real GDP.
Correct Answer:
Verified
Correct Answer:
Verified
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