The ups and downs due to the expansion and contraction of the economy constitute the _____.
A)business cycle
B)product life cycle
C)monetary cycle
D)fiscal cycle

Question

Quizplus · Accepted Answer

The ups and downs in the economy are commonly known as the business cycle, which refers to the fluctuations in economic activity over time. The business cycle is driven by a range of factors, including changes in consumer spending, investment, government policy, and external shocks such as natural disasters or geopolitical events. Therefore, option A is the best choice for this question.

The Ups and Downs Due to the Expansion and Contraction