Which of the following statements best refers to the business cycle? Explain. 1. My business for personal protective equipment has increased due to COVID-19 2. Canadian unemployment is decreasing due to an upturn in the economy. 3. More capital investment will create more jobs 4. The unemployment rate in Canada was 8.6 percent in December 2020.

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A: Real business cycle"it is latest incarnation of the classical view of economic fluctuations".

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A: https://www.washingtonpost.com/business/2021/01/28/us-economy-recession/ Is the US still in…

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A: The subject which includes a discussion about the allocation of scarce resources among the…

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Q: What is the business cycle?

A: Since you have posted multiple independent questions in the same request, we will solve the first…

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A: Disclaimer :- you posted multiple questions we are supposed to solve the first one only . Business…

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A: Fluctuation in the GDP is known as the business cycle.

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A: since you have asked a multipart question and according to our policy we will only solve first 3…

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A: Potential GDP is the natural rate of output produced when the economy is at full employment.

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A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

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