Author Question: A business cycle peak is a A) small positive deviation from trend in real GDP. B) relatively ... (Read 54 times)

bb · **on:** Jun 30, 2018

A business cycle peak is a

A) small positive deviation from trend in real GDP.
B) relatively large positive deviation from trend in real GDP.
C) small negative deviation from trend in real GDP.
D) relatively large negative deviation from trend in real GDP.

Question 2

The defining feature of business cycles is that they

A) are inherently bad.
B) represent the underlying trend of real GDP in the economy.
C) are fluctuations about trend in real GDP.
D) measure prospects for future growth in the economy.