The entire sequence of a decline in aggregate economic activity followed by recovery,measured from peak to peak or trough to trough is a
A)long-run trend.
B)potential output path.
C)business cycle.
D)recurrent comovement.

Question

Quizplus · Accepted Answer

The decline in aggregate economic activity followed by recovery, measured from peak to peak or trough to trough is referred to as the business cycle. This pattern of recurring fluctuations in economic activity is a dynamic process that affects the entire economy.

The Entire Sequence of a Decline in Aggregate Economic Activity