Author Question: Which of the following refers to business cycles? a. Variations in the economy that are all equal ... (Read 74 times)

Awilson837 · **on:** Jun 30, 2018

Which of the following refers to business cycles?
a. Variations in the economy that are all equal in intensity
b. Seasonal variations in the economy that occur every year
c. Fluctuations in economic output that show a declining growth pattern over time
d. Periodic but irregular variations in economic activity
e. Fluctuations in the profits that businesses in an economy earn over a period of time

Question 2

A country that shows a deficit in its financial account is a net creditor to the rest of the world.
a. True
b. False
Indicate whether the statement is true or false