Which of the following refers to business cycles?
A)Variations in the economy that are all equal in intensity
B)Seasonal variations in the economy that occur every year
C)Fluctuations in economic output that show a declining growth pattern over time
D)Periodic but irregular variations in economic activity
E)Period movements from one economic peak to another

Question

Quizplus · Accepted Answer

Business cycles refer to periodic but irregular variations in economic activity characterized by alternating periods of economic expansion and contraction.

Which of the Following Refers to Business Cycles