Stages of the Business Cycle Quick Check

Question

1 of 51 of 5 Items
Question
The business cycle illustrates the long-run fluctuations of _____.(1 point)
Responses

aggregate supply
aggregate supply

nominal GDP
nominal GDP

the dollar's value
the dollar's value

real GDP
real GDP
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Answer 1

The business cycle illustrates the long-run fluctuations of real GDP.