Which term refers to the rise and fall of economic activity relative to long-term growth in the economy?
A) a peak-trough
B) a corporate procedure
C) the productivity cycle
D) the business cycle

Question

Quizplus · Accepted Answer

The term that refers to the rise and fall of economic activity relative to long-term growth in the economy is the business cycle. A peak-trough refers to the highest and lowest points of the business cycle, but does not encompass the entire cycle. A corporate procedure is a specific method or process used by a company to accomplish a task or goal, and is not related to economic activity. The productivity cycle is not a commonly used term in economics.

Which Term Refers to the Rise and Fall of Economic