Alternating periods of economic growth and contraction are referred to as
A)Fiscal policy.
B)A policy lever.
C)The business cycle.
D)The fiscal cycle.

Question

Quizplus · Accepted Answer

Alternating periods of economic growth and contraction are referred to as the business cycle. Fiscal policy is a government's use of taxation and spending to influence the economy. A policy lever is a means of adjusting policy to achieve desired outcomes. The fiscal cycle refers to the pattern of government spending and borrowing.

Alternating Periods of Economic Growth and Contraction Are Referred to as