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Hi, This is about Macroeconomics. I got a question which says:Business cycles in Australia are dated by the Melbourne Institute using either...

Hi, This is about Macroeconomics. I got a question which says:Business cycles in Australia are dated by the Melbourne Institute using either __________ or __________ criteria.

and choose one from a) to d)

a) recession; expansion

b) peak; trough

c) potential output; unemployment

d) growth cycle; classical cycle

I am really confused since all of them except c) seem right

This question was asked on Jan 25, 2013.

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