Amplitude of the Business Cycle Is

question 30

Multiple Choice

Amplitude of the business cycle is

• A)the size of the maximum deviation from trend.
• B)the size of the minimum deviation from trend.
• C)where the turning points of the business cycle occur.
• D)the amount of employment and real GDP changes during one year.
• E)the amount of volatility in the business during one year.

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Definitions:

Sample Mean

The average value calculated from a sample subset of a population, used as an estimate of the population mean.

Freshmen

Freshmen at a secondary school, higher education institution, or university.

Probability

A measure of the likelihood that an event will occur, quantified as a number between 0 and 1.

Sample Mean

The average value calculated from a sample set of data, representing the central point of the data set.