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Author Question: A period of two or more quarters during which aggregate output declines is known as (Read 53 times)

nautica902

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on: May 25, 2020

Question 1

The term 'business cycle' refers to the
◦ short-term ups and downs in the price level.
◦ long-term trends in the price level.
◦ long-term trends in the level of economic activity.
◦ short-term ups and downs in the economy.

Question 2

A period of two or more quarters during which aggregate output declines is known as
◦ a boom.
◦ a hyperinflation.
◦ a recession.
◦ an inflation.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by nautica902 on May 25, 2020

Cheesycrackers

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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nautica902

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Reply 2 on: May 25, 2020
Thanks for the timely response, appreciate it

aruss1303

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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