Business cycles follow a general pattern of trough, expansion, peak and recession. While there can be variations in duration and depth of each phase, this general pattern has been observed consistently over time. The other options (B, C, and D) are incorrect as there is no evidence to support them.

Solved

Business Cycles

Question 204

Multiple Choice

Business cycles

A) follow a pattern of trough, expansion, peak and recession.
B) are all identical in duration over the last century.
C) are more volatile during a Republican administration.
D) are unpredictable due to political upheavals and global markets.

Correct Answer: