Which of the following statements about business cycles is true? The results of this activity will not be published after you answer. The sequence from one peak to the next, or from one trough to the next, is a business cycle Expansions and contractions occur at about the same time in many different economic variables The business cycle is periodic, occuring at predictable intervals The business cycle is persistent

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter12: Business Cycles And Unemployment
Section: Chapter Questions
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Which of the following statements about business cycles is true?
The results of this activity will not be published after you answer.
The sequence from one peak to the next, or from one trough to the next, is a business cycle Expansions and contractions occur at about the same time in many different economic variables
The business cycle is periodic, occuring at predictable intervals The business cycle is persistent
Which of the following statements referring to the IS curve are true?
The results of this activity will not be published after you answer.
✓ The IS curve reflects equilibrium in the Goods/service market Along the IS curve the relationship between r and Y is negative Along the IS curve, Consumption and Investment are unchanged
If the demand for goods/services rises, then firms will increase production/supply to meet demand
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Transcribed Image Text:Which of the following statements about business cycles is true? The results of this activity will not be published after you answer. The sequence from one peak to the next, or from one trough to the next, is a business cycle Expansions and contractions occur at about the same time in many different economic variables The business cycle is periodic, occuring at predictable intervals The business cycle is persistent Which of the following statements referring to the IS curve are true? The results of this activity will not be published after you answer. ✓ The IS curve reflects equilibrium in the Goods/service market Along the IS curve the relationship between r and Y is negative Along the IS curve, Consumption and Investment are unchanged If the demand for goods/services rises, then firms will increase production/supply to meet demand Save my choice X
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