Business cycles examine _ time horizons while growth theory focuses on _ time horizons

Business Dec 23, 2020

Business cycles examine _____ time horizons while growth theory focuses on _____ time horizons.

A. short-run; long-run

B. long-run; short-run

C. short-run; short-run

D. long-run; long-run

Expert Solution

The correct option is:

A. short-run; long-run

Business cycle emphasizes the study of short-run fluctuations in the economy typically less than or equal to five years whereas growth theories focus on the long-run patterns ranging from 5 to 10 years or even more.

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