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Why do economists seek to abstract from the business cycle to focus on long-term secular trends in output?

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp

Section7.4: Real Gdp

Problem 3ST

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Economists refer to fluctuations in output as the "business cycle" because movements in output are regular and predictable True/False