Which of the Following Is TRUE Regarding Business Cycles

question 92

Multiple Choice

Which of the following is TRUE regarding business cycles?
I. Cycles are predictable.
II. In each cycle, a peak follows an expansion.
III. Potential GDP fluctuates around real GDP.

• A) I and II
• B) I and III
• C) II and III
• D) II only

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Definitions:

Amu

Atomic Mass Unit, a standard unit of mass that quantifies mass on an atomic or molecular scale.

Valence Electrons

Electrons in the outermost shell of an atom that are available for bonding with other atoms.

Atomic Number

The number of protons in the atomic nucleus of an atom, which uniquely identifies the element to which the atom corresponds.

Chemical Behavior

Describes the reactions and interactions of substances based on their chemical properties and the conditions under which they occur.