Periodic Fluctuations in Real GDP Are Called

question 61

Multiple Choice

Periodic fluctuations in real GDP are called

• A) business cycles
• B) recessions
• C) peaks
• D) expansions
• E) troughs

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Definitions:

Consistently

The quality of always acting or behaving in the same way, showing reliability and uniformity in actions or outcomes over time.

Square Foot

A measurement of area equal to a square that measures one foot on each side.

Hourly Wage

Compensation paid to employees based on the number of hours worked.

Schedule Of Reinforcement

A pattern or timing of delivering rewards or consequences that follows a desired behavior, varying in type such as fixed or variable intervals or ratios.