The Defining Feature of Business Cycles Is That They Are

question 41

Multiple Choice

The defining feature of business cycles is that they are

• A) changes in the trend component of real GDP.
• B) fluctuations about trend in real GDP.
• C) fluctuations about trend in the unemployment rate.
• D) fluctuations about trend in the level of employment.
• E) fluctuations about trend in standards of living.

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Definitions:

Without Resolving

Continuing in a state of conflict or uncertainty without reaching a conclusion or solution.

Conflict-Habituated Marriage

The partners fight both verbally and physically but don’t believe that fighting is a good reason for divorce.

Deeply In Love

Experiencing intense feelings of affection, attachment, and devotion toward another person.

Obligation

A duty or responsibility that an individual is expected to fulfill.