Question 15The business cycle measuresO a) short-run fluctuations in economic activity.O b) fluctuations in consumption.Oc) fluctuations in the profit of businesses.d) fluctuations in the average tax rate paid by businesses.fluctuations in the long-run trend growth rate of gross domestic product(GDP).

Correct option is a) "short- run fluctuations in economic activity."

Question 15 The business cycle measures O a) short-run fluctuations in economic activity. O b) fluctuations in consumption. Oc) fluctuations in the profit of businesses. Od) fluctuations in the average tax rate paid by businesses. Oe fluctuations in the long-run trend growth rate of gross domestic product e) (GDP).

Question 15 The business cycle measures O a) short-run fluctuations in economic activity. O b) fluctuations in consumption. Oc) fluctuations in the profit of businesses. Od) fluctuations in the average tax rate paid by businesses. Oe fluctuations in the long-run trend growth rate of gross domestic product e) (GDP).

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter5: Introduction To Macroeconomics

Section: Chapter Questions

Problem 2.2P

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