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28 April, 18:56

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

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  1. 28 April, 21:08
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    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.
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