The business cycle refers to the pattern of stages in the level of economic activity: prosperity,recession,depression,and recovery.During periods of prosperity,consumers are willing to spend ___________,and during periods of recession,consumers are willing to spend _____________.

Question

​The business cycle refers to the pattern of stages in the level of economic activity: prosperity,recession,depression,and recovery.During periods of prosperity,consumers are willing to spend ___________,and during periods of recession,consumers are willing to spend _____________.

Quizplus · Accepted Answer

During periods of prosperity, consumers have more confidence and financial resources, leading them to spend more. Conversely, during recessions, economic uncertainty and reduced income lead consumers to spend less.

​The Business Cycle Refers to the Pattern of Stages in the Level

The Business Cycle Refers to the Pattern of Stages in the Level