Some economists prefer to use the term business fluctuations rather than business cycles to describe the historical growth record in the United States because
A)cycles include a trough phase, while fluctuations do not.
B)cycles implies regularity, while fluctuations does not.
C)fluctuations include an expansion phase, while cycles do not.
D)fluctuations are relatively predictable events.

Question

Quizplus · Accepted Answer

The term "cycles" suggests a regular, predictable pattern, whereas "fluctuations" acknowledges the irregular and unpredictable nature of economic changes.

Some Economists Prefer to Use the Term Business Fluctuations Rather