Which of the following correctly describes the business cycle? O It is the constant rise in GDP over time. It refers to ups and downs in business revenue during expansions and recessions. It is the fluctuations of GDP around the potential output. It refers to excess unemployment during recessionary periods.

Which of the following correctly describes the business cycle? O It is the constant rise in GDP over time. It refers to ups and downs in business revenue during expansions and recessions. It is the fluctuations of GDP around the potential output. It refers to excess unemployment during recessionary periods.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter12: Business Cycles And Unemployment

Section: Chapter Questions

Problem 2SQP

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