Choose the correct statement about economic growth and a business cycle expansion. A. Economic growth is illustrated as a movement along the PPF. B. Real GDP grows at a smoother rate than potential GDP grows. OC. A return to full employment in a business cycle expansion is shown as a movement from inside the PPF to a point on the PPF. OD. The return to full employment in an expansion phase of the business cycle is economic growth.
Choose the correct statement about economic growth and a business cycle expansion. A. Economic growth is illustrated as a movement along the PPF. B. Real GDP grows at a smoother rate than potential GDP grows. OC. A return to full employment in a business cycle expansion is shown as a movement from inside the PPF to a point on the PPF. OD. The return to full employment in an expansion phase of the business cycle is economic growth.
Chapter1: Making Economics Decisions
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Transcribed Image Text:Choose the correct statement about economic growth and a business cycle expansion.
acces
OA. Economic growth is illustrated as a movement along the PPF.
OB. Real GDP grows at a smoother rate than potential GDP grows.
OC. A return to full employment in a business cycle expansion is shown as a movement from inside the PPF to a point on the PPF
OD. The return to full employment in an expansion phase of the business cycle is economic growth.
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