What is the business cycle?
A) the relationship between unemployment and inflation
B) the irregular fluctuations in economic activity
C) the positive relationship between the quantity of money in an economy and inflation
D) the negative relationship between imports and net exports

Question

Quizplus · Accepted Answer

The business cycle refers to the pattern of irregular fluctuations in economic activity experienced by an economy over a period of time. This typically involves periods of expansion, recession, troughs, peaks, and recoveries. It is driven by a variety of factors including changes in consumer and business confidence, interest rates, government policies, and global economic conditions.

What Is the Business Cycle