Economic fluctuations are also known as:
A) the output decisions of individual firms.
B) the effect of a tariff on the demand for a good.
C) the factors that influence the spending decisions of particular households.
D) business cycles.
E) economic systems.

Question

Quizplus · Accepted Answer

Economic fluctuations refer to the ups and downs in the overall economic activity of a country, and are commonly referred to as business cycles. These cycles are characterized by periods of growth and expansion, followed by contraction and recession, and are influenced by a variety of economic factors such as interest rates, consumer spending, and investment levels.

Economic Fluctuations Are Also Known As