In which industry or sector of the economy is output least likely to be affected by the business cycle?
A)service industry
B)automobile industry
C)textile industry
D)petroleum industry

Question

Quizplus · Accepted Answer

The service industry is generally less affected by the business cycle because it includes essential services such as healthcare, education, and utilities, which maintain demand even during economic downturns.

In Which Industry or Sector of the Economy Is Output