Economists use the phrase business cycle when referring to ...

[kellyjaisingh]

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.

[lorealeza77]

Answer to Question 1

a

Answer to Question 2

d

[kellyjaisingh]

Thanks for the timely response, appreciate it

[Sarahjh]

Wow, this really help