Ask Question
24 February, 06:12

The short-run fluctuations in economic activity that can cause output to be above or below the long-run trend are called:

+3
Answers (1)
  1. 24 February, 06:30
    0
    Business Cycle

    Explanation:

    Business Cycle -

    It refers to the upward or downward movement of the gross domestic product, is known as business cycle.

    It is also known as trade cycle.

    These movement are short - run, i. e., for very short time span.

    Hence, from the given information of the question, the correct term is business cycle.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The short-run fluctuations in economic activity that can cause output to be above or below the long-run trend are called: ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers