The business cycle is best defined as alternating periods of increases and decreases in the level of economic activity.

Name: The business cycle is best defined as alternating periods of increases and decreases in the level of economic activity.
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Quizplus · Accepted Answer

The business cycle refers to the fluctuations in economic activity that an economy experiences over a period of time, characterized by phases of expansion (growth) and contraction (recession).

The Business Cycle Is Best Defined as Alternating Periods of Increases