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The main measure of growth in the business cycle is aggregate output True False

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The main measure of growth in the business cycle is aggregate output
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The main measure of growth in the business cycle is aggregate output True False

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Kerim
Profesyonel · 6 yıl öğretmeni
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True<br /><br />The main measure of growth in the business cycle is aggregate output, which is the total value of all goods and services produced in an economy over a period of time. It is often measured by real Gross Domestic Product (GDP), which adjusts for inflation. The business cycle refers to the fluctuations in economic activity that an economy experiences over a period of time. It consists of periods of expansion (growth) and contraction (recession). Aggregate output is a key indicator of the overall health of an economy and is used
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