Some Economists Prefer to Use the Term Business Fluctuations Rather

question 241

Multiple Choice

Some economists prefer to use the term business fluctuations rather than business cycles to describe the historical growth record in the United States because

• A)cycles include a trough phase, while fluctuations do not.
• B)cycles implies regularity, while fluctuations does not.
• C)fluctuations include an expansion phase, while cycles do not.
• D)fluctuations are relatively predictable events.

Understand the merger of law and equity and identify their differences.

Comprehend the structure of the federal government system and the distribution of powers.

Learn how to determine whether federal law preempts state regulation.

Understand the purpose and evolution of courts of law and equity.

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