The Business Cycle Is Defined as the

question 55

Multiple Choice

The business cycle is defined as the

• A)regular growth rate of the real GDP.
• B)regular fluctuations of real GDP below potential GDP.
• C)irregular fluctuations of prices around real GDP.
• D)periodic but irregular up-and-down movement of total production and other measures of economic activity.
• E)periodic and regular up-and-down movement of total production.

---

Definitions:

Misinformation

False or inaccurate information that is spread, regardless of intention to deceive.

Repeated

An action or event that occurs more than once or has been done or said again.

Believable

Capable of being accepted as true or realistic; convincing or credible.

Hindsight Bias

The inclination to see events that have already occurred as being more predictable than they were before they took place.