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History, 02.01.2022 20:30 nayi2002

1-The business cycle illustrates the long-run fluctuations of real gdp

2- In a hypothetical economy, current inflation-…, the economy is currently in the

expansion stage of the business cycle

3-what is the minimum number of quarters with successive declines in real gdp that must occur before an economy is considered to be in recession?

two

4-in addition to low economic output, recessions are usually characterized by…

High unemployment

5-a hurricane has recently disrupted supply chains…., how would this economic impact be classified?

shock

All correct, just took the quick check

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Answers: 3

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1-The business cycle illustrates the long-run fluctuations of real gdp

2- In a hypoth...
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