The overall patterns of change in the economy-including periods of prosperity, recession, depression, and recovery- that affect consumer and business purchasing power are called ____________

Question

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The term "business cycles" refers to the overall patterns of change in the economy, including periods of prosperity, recession, depression, and recovery. This concept encompasses the ups and downs, peaks and troughs, and boom times in the economy, and how they impact consumer and business purchasing power. Trade unions, on the other hand, are organizations of workers formed to protect and promote their collective interests, which is not directly related to patterns of change in the economy.

The Overall Patterns of Change in the Economy-Including Periods of Prosperity