contestada

The business cycle is the:_______a. relationship between unemployment and inflation.b. irregular fluctuations in economic activity.c. positive relationship between the quantity of money in an economy and inflation.d. predictable changes in economic activity due to changes in government spending and taxes.

Respuesta :

Samawati

Answer:

b. irregular fluctuations in economic activity

Explanation:

A business cycle is the natural rise and fall of production in the economy over time. Output in the economy is measured by real GDP.  Analysis of real GDP values shows that production fluctuates in a cyclic pattern.

A business cycle is also referred to as a trade cycle or an economic cycle. The business cycle has four main stages include

  1. Expansion,
  2. Peak,
  3. Recession, contraction, or depression}
  4. Trough.

All economies go through the business cycle. The time frame for each cycle is not definite, and the cycles occur at irregular intervals.

Otras preguntas