Author Question: The business cycle is the A) regular growth rate of the real GDP. B) regular fluctuations of ... (Read 42 times)

lindiwe

  • Hero Member
  • *****
  • Posts: 577
The business cycle is the
 
  A) regular growth rate of the real GDP.
  B) regular fluctuations of real GDP below potential GDP.
  C) irregular fluctuations of prices around real GDP.
  D) irregular fluctuations of real GDP around potential GDP.

Question 2

The opportunity cost of a good is the same as its
 
  A) money price.
  B) relative price.
  C) price index.
  D) none of the above.



b614102004

  • Sr. Member
  • ****
  • Posts: 320
Answer to Question 1

D

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

For a complete list of videos, visit our video library