A business cycle is:
A) a recurring period of growth and decline in an economy's real output.
B) the amount of time required to exhaust an economy's inventory of goods.
C) the order and timing of steps that must be completed to produce a product.
D) the period of time from the organization of a business until it ceases operations.

Question

Quizplus · Accepted Answer

A business cycle refers to the fluctuations in economic activity that an economy experiences over a period of time. It consists of periods of expansion (growth) and contraction (decline) in the level of economic activities or real output.

A Business Cycle Is