Recurring Upswings and Downswings in an Economy's Real GDP Over

question 103

Multiple Choice

Recurring upswings and downswings in an economy's real GDP over time are called

• A) recessions.
• B) business cycles.
• C) output yo-yos.
• D) total product oscillations.

---

Definitions:

Bartolome De Las Casas

A 16th-century Spanish historian and Dominican friar who became the first known advocate for the rights of indigenous people in the Americas, and opposed the abuses of the Spanish encomienda system.

Native Americans

The indigenous peoples of the United States, including a vast array of tribes, cultures, and languages that inhabited the land prior to European colonization.

Spanish Oppression

Historical period of dominance and harsh control by Spain over its colonies and various indigenous peoples.

American Indians

The indigenous peoples of the Americas, often referred to as Native Americans, with diverse cultures, histories, and nations present before and after European colonization.