Author Question: Economists use the phrase business cycle when referring to fluctuations in: a. real GDP. b. the ... (Read 50 times)

kellyjaisingh · **on:** Jun 30, 2018

Economists use the phrase business cycle when referring to fluctuations in:
a. real GDP.
b. the chain price index.
c. the consumer price index.
d. the general level of prices.

Question 2

When the economy is operating well below capacity, an increase in spending tends to be reflected primarily in a(n):
a. lower level of employment.
b. increase in price.
c. lower level of output.
d. higher level of output and employment.
e. increase in business failures.