Recurring upswings and downswings in an economy's real GDP over time are called
A) recessions.
B) business cycles.
C) output yo-yos.
D) total product oscillations.

Question

Quizplus · Accepted Answer

Recurring upswings and downswings in an economy's real GDP over time are referred to as business cycles. This is a well-established concept in economics, with clear patterns of expansion and contraction over time. The other answer choices are not commonly used terms in economics.

Recurring Upswings and Downswings in an Economy's Real GDP Over