Short-run fluctuations are all of the following EXCEPT a-sometimes called business cycle movements b-permanent changes to output growth c-called recessions when output falls below trend growth d-temporary movements of output away from the long-run output growth trend

Short-run fluctuations are all of the following EXCEPT a-sometimes called business cycle movements b-permanent changes to output growth c-called recessions when output falls below trend growth d-temporary movements of output away from the long-run output growth trend

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter14: Macroeconomic Policy: Tradeoffs, Expectations, Credibility, And Sources Of Business Cycles

Section: Chapter Questions

Problem 13E

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Question

Short-run fluctuations are all of the following EXCEPT

a-sometimes called business cycle movements

b-permanent changes to output growth

c-called recessions when output falls below trend growth

d-temporary movements of output away from the long-run output growth trend

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