The rise and fall of the economy is referred to as the concept of:
A)depression
B)recession
C)business cycles
D)recovery

Question

Quizplus · Accepted Answer

Business cycles refer to the fluctuation of economic activity, including periods of growth and contraction. It includes expansions (periods of economic growth), peaks (the highest point of economic growth), contractions (periods of economic decline), and troughs (the lowest point of economic decline). The economy doesn't just go up or go down, but instead goes through a series of cycles that can be influenced by various factors such as consumer spending, government policies, and global events. The terms depression, recession, and recovery are all part of the business cycle, but alone they do not encompass the entire concept.

The Rise and Fall of the Economy Is Referred to as the Concept