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Loraine Loraine
wrote...
Posts: 4563
9 years ago
Over the business cycle,
A) potential GDP fluctuates around its trend.
B) real GDP fluctuates around its trend.
C) only potential GDP fluctuates around its trend and real GDP remains equal to its trend.
D) only real GDP fluctuates around its trend and potential GDP remains equal to its trend.
E) neither real GDP nor potential GDP fluctuates because they just grow smoothly along their trends.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 407 times
2 Replies
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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Chimelo46Chimelo46
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Posts: 5641
8 years ago
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8 years ago
Glad to help you, and good luck with your course.
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