Fluctuations in a nation's economy are referred to as its
A) economic upheaval.
B) inflation problem.
C) depression cycle.
D) business cycle.
E) recession period.

Question

Quizplus · Accepted Answer

Fluctuations in a nation's economy are commonly referred to as the business cycle. This refers to the periodic increase and decrease of economic activity, including factors such as GDP, employment rates, and consumer spending. The business cycle can be broken down into four phases: expansion, peak, contraction, and trough.

Fluctuations in a Nation's Economy Are Referred to as Its