Over the business cycle, O A. only real GDP fluctuates around its trend and potential GDP remains equal to its trend. B. potential GDP fluctuates around its trend. O C. only potential GDP fluctuates around its trend and real GDP remains equal to its trend. D. neither real GDP nor potential GDP fluctuate because they just grow smoothly along their trends. O E. real GDP fluctuates around its trend.

Over the business cycle, O A. only real GDP fluctuates around its trend and potential GDP remains equal to its trend. B. potential GDP fluctuates around its trend. O C. only potential GDP fluctuates around its trend and real GDP remains equal to its trend. D. neither real GDP nor potential GDP fluctuate because they just grow smoothly along their trends. O E. real GDP fluctuates around its trend.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 5CQQ

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