Business cycles are
A) seasonal changes in output
B) quarterly profit and loss fluctuations around a company's fiscal-year average
C) long run trends upward or downward in employment
D) medium-term fluctuations of aggregate output around its long term trend
E) gyrations of share prices on the stock market

Question

Quizplus · Accepted Answer

Business cycles refer to medium-term fluctuations in the economy around its long term trend. These fluctuations can include changes in output, employment, and market conditions. Business cycles are typically measured by changes in Gross Domestic Product (GDP) over time.

Business Cycles Are