A business cycle is: the periodic fluctuation of economic activity. the engine of economic growth. a period lasting about 50 years. identical to the consumption life cycle.
Added by Richard H.
Close
Step 1
A business cycle refers to the periodic fluctuations in economic activity, characterized by phases of expansion and contraction. Show more…
Show all steps
Your feedback will help us improve your experience
Chandra Jain and 82 other Microeconomics educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
30. Business cycles are: A. movements in stock prices. B. the transfer of executives between firms. C. used to describe fluctuations in GDP. D. a description of the time required to bring a new product to market.
Dave K.
The business cycle is the pattern of expansion and contraction in economic activity relative to its short term trend.True False
Hubert A.
A business cycle only includes a peak and a trough. True False
Recommended Textbooks
Principles of Economics
Principles of Microeconomics for AP® Courses
Economics
18,000,000+
Students on Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD
