The Business Cycle Measures

question 104

Multiple Choice

The business cycle measures

• A) fluctuations in the long-run trend growth rate of GDP.
• B) fluctuations in the profit of businesses.
• C) fluctuations in consumption.
• D) short-run fluctuations in economic activity.
• E) fluctuations in the average tax rate paid by businesses.

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Definitions:

Short-term Memory

The capacity for holding a small amount of information in an active, readily available state for a short period of time.

Working Memory

A cognitive system with a limited capacity that is responsible for temporarily holding information available for processing.

Sensory Memory

The shortest-term element of memory, which allows individuals to retain impressions of sensory information after the original stimuli have ended.

Sequential Memory

Sequential memory involves the ability to remember and reproduce sequences of items or events in the order they were experienced.