Answer to Question #219429 in Microeconomics for sindly

Question

1.    Business cycles

a.     are explained mostly by fluctuations in corporate profits.

b.    no longer are very important due to government policy.

c.     are fluctuations in real GDP and related variables over time.

d.    All of the above are correct.

Answer 1

c.  are fluctuations in real GDP and related variables over time.