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Fluctuations in a nation's economy are referred to as its
1) economic upheaval.
2) the inflation problem.
3) the depression cycle.
4) business cycle.
5) recession period.

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Deanna Hettinger
Deanna HettingerLv2
27 May 2020
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Principles of Economics
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Related questions

Participate in a discussion with your classmates regarding where you see the U.S. economy in its business cycle right now, as based on the economic concepts in the textbook. Now that we learned that the real business cycle results from fluctuations in the pace of growth of labor productivity and potential GDP, discuss where our economy is positioned within its business cycle. Please apply the effects of aggregate supply and aggregate demand as explained in the textbook when sharing your discussion.

Alternating periods of economic growth and contraction are referred to as
Ā 
A) Fiscal policy.
B) The business cycle.
C) A policy lever.
D) The fiscal cycle.

5. How does cyclical unemployment relate to a nation's production possibilities curve and how does cyclical unemployment behave across the business cycle?

6. What sorts of events can knock an economy off its long-run equilibrium, full-employment level of real GDP?

7. By referring only to the pattern of quarterly macroeconomic equilibriums, which of the recessions since 1970 would you argue that the Great Recession most resembles? Explain.

8. Why do changes in the money supply not cause changes in the nation's production possibilities frontier?

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