So-called business cycles refer to the multi-year periods:
A. From when new products are launched to the point when they become obsolete
B. Between the purchases of new capital equipment and the point when they become junk
C. From the origination of a business loan to the retirement or full repayment of the loan
D. During which the economy's overall output and employment expands and contracts
D. During which the economy's overall output and employment expands and contracts
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Which of the following would be added to U.S. national income?
A. An American consumer buying French wine B. An American business selling aircraft to British Airways C. A Swedish firm selling mobile phones to Americans D. A French firm buying a Swedish cellular phone
According to new growth theory, the primary source of growth is capital.
Answer the following statement true (T) or false (F)