Which of the following best gives the meaning of the term business cycle?
A) the conditions of the economic system in which an organization operates
B) the total quantity and quality of goods and services that a country's citizens can purchase with the currency used in their economic system
C) the measure of economic growth that compares how much a system produces with the resources needed to produce it
D) the number of businesses started during a given time period
E) the pattern of short-term ups and downs in an economy

Question

Quizplus · Accepted Answer

E) A business cycle is represented in the short-term ups and downs in the economy, as measured by prosperity, recession, and so on.

Which of the Following Best Gives the Meaning of the Term