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:

Monocular Cues

Stimuli suggestive of depth that can be perceived with only one eye.

Frequency Theory

The theory that the pitch of a sound is reflected in the frequency of the neural impulses that are generated in response to the sound.

Neural Impulses

The electrochemical discharge of a nerve cell or neuron.

Color Consistency

The perceptual feature that allows the human brain to recognize colors of objects under varying lighting conditions as being consistent.