The upward and downward movement of aggregate output produced in the economy is referred to as the

A) roller coaster.
B) see saw.
C) business cycle.
D) shock wave.

C

Economics

You might also like to view...

Figure 11-2 For the monopolist show in Figure 11-2, how much profit is the monopolist making per unit?

A. The amount shown as HE B. The amount shown as GE C. The amount shown as HF D. The amount shown as FE

Economics

In order for a country's real GDP to increase without inflation or deflation over long periods time,

A. either its aggregate demand or its aggregate supply must increase. B. its aggregate supply must increase. C. its aggregate demand must increase. D. both its aggregate demand and its aggregate supply must increase.

Economics