Which of the following best describes a business cycle?

A. Regular fluctuations of prices.
B. Periods of increasing and decreasing real GDP.
C. Regular growth rate of consumer spending.
D. The cyclical movement in interest rates.

Ans: B. Periods of increasing and decreasing real GDP.

Economics

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Refer to Table 2.4. The GDP deflator for 2011 is

A) 86.5. B) 115.6. C) 135.1. D) 156.3.

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