Question
Which of the following statements about the business cycle istrue? A. An expansion ends when the economy reaches a recession. B. A business cycle is
Which of the following statements about the business cycle istrue?
A.
An expansion ends when the economy reaches a recession.
B.
A business cycle is periodic but irregular.
C.
During anexpansion, real GDP is equal to potential GDP.
D.
The expansion stage of the business cycle is not the usual condition of the economy.
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Using Excel For Principles Of Econometrics
Authors: R Carter Hill, Genevieve Briand
4th Edition
1118032101, 9781118032107
