The short-run fluctuations in economic activity that can cause output to be above or below the long-run trend are called:

Social Studies

1 answer:

monitta3 years ago

7 0

Answer:

Business Cycle

Explanation:

Business Cycle -

It refers to the upward or downward movement of the gross domestic product , is known as business cycle.

It is also known as trade cycle.

These movement are short - run , i.e. , for very short time span .

Hence, from the given information of the question , the correct term is business cycle .

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