A business cycle is
A) the pattern of short-run upward and downward movements in total output.
B) the increase in consumer spending that accompanies an increase in disposable income.
C) the cyclical change in the nation's balance of trade.
D) the cyclical movement in the interest rates.
A
Economics
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Explain the automatic correction mechanism that drives a country's current account balance to zero
Economics
When demand increases in a perfectly competitive market, the market price:
A. decreases in the short run and increases in the long run. B. increases in the short run and stays permanently higher in the long run. C. increases in the short run and falls in the long run. D. decreases in the short run and stays permanently lower in the long run.
Economics