Business Cycle Persistence Refers to the Property That

question 17

Multiple Choice

Business cycle persistence refers to the property that

• A) real GDP is rarely exactly at trend.
• B) booms and recessions last a long time.
• C) when real GDP is above trend, it tends to stay above trend, and when it is below trend, it tends to stay below trend.
• D) business cycles are persistently hard to predict.
• E) real GDP tends to stay in the peaks and troughs of the business cycle.

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Definitions:

Revenue

The income generated by a company or government from its activities, primarily from sales of goods or services or taxation.

Digital Subscription

A subscription model that allows access to digital content, such as articles, journals, or streaming services, typically on a recurring payment basis.

News Content

The substance or material of news, including facts, information, and narratives provided by media outlets to inform the public on current events.

Profitable Approach

A profitable approach refers to strategies or methods implemented in business or projects that result in financial gain or profitability.