The recurrent ups and downs in the level of economic activity extending over several years are referred to as:

Question

Quizplus · Accepted Answer

Recurrent ups and downs in the level of economic activity over several years refer to business cycles. Economic phases may refer to different stages within a business cycle, but it does not encompass the entire cycle. Business startups refer to new businesses emerging in the market, which is not directly related to economic activity levels. Noncyclical fluctuations refer to changes in economic activity that are not tied to the business cycle, such as natural disasters or political events.

The Recurrent Ups and Downs in the Level of Economic