Over the Business Cycle

question 72

Multiple Choice

Over the business cycle,

• A)only real GDP fluctuates around its trend and potential GDP remains equal to its trend.
• B)real GDP fluctuates around its trend.
• C)only potential GDP fluctuates around its trend and real GDP remains equal to its trend.
• D)neither real GDP nor potential GDP fluctuate because they just grow smoothly along their trends.
• E)potential GDP fluctuates around its trend.

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Definitions:

Operational

Pertaining to the daily activities and functions necessary for an organization or system to run efficiently and effectively.

State of Crisis

A situation or period in which an organization or community faces significant challenges or threats that require immediate and effective response.

Strategic Planning

The process of defining an organization's strategy or direction and making decisions on allocating resources to pursue this strategy.

Fewer Employees

A situation or strategy where an organization operates with a reduced number of staff members to cut costs or improve efficiency.