A business cycle is best described as:A.a repeated pattern of economic growth and decline.B.the growth of a business from its start through its peak.C.the value of all goods and services produced in a year.D.a predictable period of economic hardship each year.

A business cycle is ______.Multiple choice question.a period in which output and employment are risingthe expansionary and contractionary phases in the growth rate of real GDPa period in which output and employment are fallinga very deep and prolonged economic downturn

Explain business cycle, its characteristics and phases.

Business cycle and their main features

In the United States, business cycles have occurred against a backdrop of a long-run trend ofMultiple Choicerising inflation.declining unemployment.stagnant productivity growth.rising real GDP.

A business cycle that experiences a period of contraction for two quarters in a row supports which conclusion about the condition of the economy?A.The economy is likely to suffer from a recession.B.The economy is likely to recover from a depression.C.The economy is likely to hit its trough soon.D.The economy is likely to experience rapid expansion.SUBMITarrow_backPREVIOUS