Business Cycles Are Viewed As

question 34

Multiple Choice

Business cycles are viewed as:

• A)Movements in the short-run equilibrium
• B)Situations where aggregate demand does not equal short-run aggregate supply
• C)Inevitable; every economy must experience them
• D)Movements in the long-run equilibrium

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Definitions:

Customers

Persons or organizations that buy products or services from a company.

Intangible

Describes something that cannot be physically touched or measured, such as services, brand reputation, or intellectual property.

Reliability

The degree to which a service, tool, or system consistently performs according to its intended or required outcome without failure.

Responsiveness

The speed and quality with which an organization reacts to customer inquiries, complaints, or orders.