Short-Run Fluctuations in Real GDP Around Its Trend Value Are

question 19

Multiple Choice

Short-run fluctuations in real GDP around its trend value are

• A)generally ignored by economists,because these fluctuations do not affect behaviour of other variables such as the unemployment rate.
• B)generally ignored by economists,because these fluctuations are constant and predictable.
• C)referred to in economics as "background noise."
• D)referred to in economics as "the business cycle."
• E)unimportant to the study of macroeconomics.

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Definitions:

Total Circuit Resistance

The sum of all resistive elements within an electrical circuit, affecting the overall current flow and energy consumption.

Ohm's Law

A fundamental principle in electronics stating that the current through a conductor between two points is directly proportional to the voltage across the two points.

Volts

The unit of electric potential or electromotive force in the International System of Units (SI), symbolized as "V."