Business cycles can be readily identified from a

Business Dec 23, 2020

Business cycles can be readily identified from

a. unemployment-rate data.

b. real GDP data.

c. salary or wage data.

d. unemployment-rate data and real GDP data.

e. unemployment-rate data and salary or wage data.

Expert Solution

d. unemployment-rate data and real GDP data.

Business cycle centers around short-run rhythmic and wavelike fluctuations in the economy which shows variations in real GDP, aggregate employment, income, output, and price level that happens in an economy during a particular timeframe. Looking at the growth pattern of real GDP and unemployment-rate data one can look after business cycle variations.

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