Economic growth differs from business cycles in that

Question

Quizplus · Accepted Answer

Economic growth is a long-term trend of increasing output and incomes, while business cycles are shorter-term fluctuations in economic activity. Economic growth is typically measured over a period of years or decades, while business cycles are usually measured over a period of months or years. Therefore, option A is the best choice as it correctly identifies the difference between economic growth and business cycles.

Economic Growth Differs from Business Cycles in That