Business cycles

Question

Business cycles

Quizplus · Accepted Answer

Business cycles typically follow a pattern of trough (where economic activity is at its lowest), expansion (where economic activity starts to grow), peak (where economic activity is at its highest), and recession (where economic activity starts to decline). While the duration and severity of these cycles can vary, the overall pattern tends to remain consistent. Business cycles are influenced by a variety of factors, including economic policy, technological advancements, and global markets. There is no evidence to suggest that business cycles are more volatile during a specific political administration or that they have remained identical in duration over the last century.

Business Cycles