Which of the following contributes most to the fluctuations of growth and decline that characterize business cycles?
a. consumption
b. investment
c. government purchases
d. next exports
b. investment
Economics
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How does the presence of negative externalities affect the calculation of GDP?
What will be an ideal response?
Economics
In the US, an increase in which of the following will cause an increase in US imports?
I. Per capita real income II. Price Level III. Real interest rates IV. Tariffs a. I and II only b. I and III only c. I and IV only d. I, II, and III only e. II, III, and IV only
Economics