Recurring fluctuations in business activity over the course of one year are known as

a. seasonal variations.
b. random fluctuations.
c. the trend.
d. the business cycle.

a. seasonal variations.

Economics

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If real GDP is ________ than potential GDP, employment is ________ than its full-employment level and the unemployment rate rises ________ the natural unemployment rate

A) less; more; above B) more; more; above C) more; less; above D) less; less; below E) less; less; above

Economics

All of the following are tools of fiscal policy except one. Which is the exception?

a. Taxes b. Transfer payments c. Interest rates d. Government purchases of goods e. Government purchases of services

Economics