The fact that business cycles are recurrent but not periodic means that
A)business cycles occur at predictable intervals, but do not last a predetermined length of time.
B)the business cycle's standard contraction-trough-expansion-peak pattern has been observed to occur over and over again, but not at predictable intervals.
C)business cycles occur at predictable intervals, but do not all follow a standard contraction-trough-expansion-peak pattern.
D)business cycles last a predetermined length of time, but do not all follow a standard contraction-trough-expansion-peak pattern.

Question

Quizplus · Accepted Answer

Business cycles are not periodic, meaning that they do not occur at consistent or predictable intervals. However, they are recurrent, meaning that the overall pattern of contraction, trough, expansion, and peak has been observed to repeat over time. This pattern is not always identical in every cycle, but the general stages and characteristics tend to be consistent. Choice B correctly reflects this understanding of business cycles.

The Fact That Business Cycles Are Recurrent but Not Periodic