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Author Question: Economists use the phrase business cycle when referring to fluctuations in: a. real GDP. b. the ... (Read 43 times)

kellyjaisingh

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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.


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lorealeza77

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


kellyjaisingh

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  • Posts: 540
Reply 2 on: Jun 30, 2018
Excellent

cdmart10

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Reply 3 on: Yesterday
Gracias!

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