The term ___________ is a popular way to describe the recession-expansion pattern followed by the economy.
A) business cycle
B) output cycle
C) inflation cycle
D) unemployment cycle
E) long-run cycle

Question

Quizplus · Accepted Answer

The term "business cycle" is commonly used to describe the pattern of economic expansions and contractions over time. It refers to the recurring periods of growth and recession that the economy experiences. The business cycle is characterized by changes in the overall level of economic activity, including fluctuations in output, employment, prices, and other economic indicators.

The Term ___________ Is a Popular Way to Describe the Recession-Expansion