Notice that real GDP trends upward over time but experiences ups and downs in the short run. These short-run fluctuations in real GDP are often referred to as the business cycle True or False: The small ups and downs in real GDP appear to follow a consistent, predictable pattern during this period. O True False Which of the following probably occurred as the Canadian economy experienced declining real GDP in early 2009? Check all that apply. Canadian sales declined. Total real income declined. Investment spending declined.. Corporate profits increased.

Notice that real GDP trends upward over time but experiences ups and downs in the short run. These short-run fluctuations in real GDP are often referred to as the business cycle True or False: The small ups and downs in real GDP appear to follow a consistent, predictable pattern during this period. O True False Which of the following probably occurred as the Canadian economy experienced declining real GDP in early 2009? Check all that apply. Canadian sales declined. Total real income declined. Investment spending declined.. Corporate profits increased.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Measuring A Nation's Income

Section: Chapter Questions

Problem 11PA

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