A pattern of expansion, then recession, then expansion again is a(n):
A) annual trend.
B) secular trend.
C) business cycle.
D) consumer cycle.

Name: A pattern of expansion, then recession, then expansion again is a(n): A) annual trend. B) secular trend. C) business cycle. D) consumer cycle.
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Question

Quizplus · Accepted Answer

A pattern of expansion, then recession, then expansion again is a characteristic of the business cycle, which refers to the fluctuations in economic activity over time.

A Pattern of Expansion, Then Recession, Then Expansion Again Is