The short-run alternation between economic downturns and recessions, then economic upturns and expansions is known as the _____ cycle.
A) business
B) contractionary
C) expansionary
D) disequilibrium

Question

Quizplus · Accepted Answer

The business cycle refers to the short-run alternation between economic downturns (recessions) and economic upturns (expansions). The other choices, contractionary and expansionary, refer to specific phases within the business cycle rather than the cycle as a whole. The choice D, disequilibrium, does not accurately describe the business cycle.

The Short-Run Alternation Between Economic Downturns and Recessions, Then Economic