Which of the following statements about contractions is true? Significant or pro
ID: 1090866 • Letter: W
Question
Which of the following statements about contractions is true? Significant or prolonged contractions are called booms. A contraction usually follows a trough in the business cycle. Contractions are periods when the real GDP grows slower than the trend. The government usually does not have a part in moderating the business cycle when a contraction is occurring. Which of the following statements about contractions is true? Significant or prolonged contractions are called booms. A contraction usually follows a trough in the business cycle. Contractions are periods when the real GDP grows slower than the trend. The government usually does not have a part in moderating the business cycle when a contraction is occurring.Explanation / Answer
Contractions are periods when the real GDP grows slower than the trend