A country's national economy has shown an 8% growth over the past 4 years. Before that, the economy moved from recession to stagnation over a period of 10 years. What is this economic fluctuation referred to?

Question

Quizplus · Accepted Answer

This economic fluctuation is referred to as a business cycle.
Key Takeaway: A business cycle charts the overall fluctuation in economic and production activities in a society. These activities experience growth and recession with periods of stagnation and are usually measured using a number of indices such as the real gross domestic product (GDP).

A Country's National Economy Has Shown an 8% Growth Over