Business, 16.06.2020 23:57, hannamcbrayer1
If real GDP trends upward over time but experiences ups and downs in the short run. A period of declining real GDP, is known as:
a. an expansion
b. a recession
c. a business cycle
Small ups and downs in real GDP follow a consistent, predictable pattern.
a. True
b. False
Answers: 3
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If real GDP trends upward over time but experiences ups and downs in the short run. A period of decl...
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