The Business Cycle Refers to

question 127

Multiple Choice

The business cycle refers to

• A) fluctuations in the level of real GDP around potential GDP.
• B) changes in the level of nominal GDP.
• C) changes in the level of the stock market.
• D) changes in the level of employment.

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Definitions:

Perceived Control

The belief or feeling that one can influence the events in their life and the outcomes of situations they are in.

Problem-Focused Coping

A strategy for managing stress by directly addressing the problem causing the distress.

External Locus

A belief that one's successes or failures result from external factors beyond one's control.

Work Schedule

A planned outline that specifies when tasks, jobs, or appointments are intended to be completed or attended to.