Question: Aggregate output (real GDP) can be divided into two components: the long-run trend, which is referred to as and fluctuations around this trend, which is

Aggregate output (real GDP) can be divided into two components: the long-run trend, which is referred to as and fluctuations around this trend, which is referred to as O a. potential output; inflation O b. potential output; business cycle O c. business cycle; potential output O d. business cycle; output gap

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