The short-term ups and downs in the level of economic activity is known as a(n)
A) recovery model.
B) business cycle.
C) unemployment trend.
D) circular flow model.

Question

Quizplus · Accepted Answer

The business cycle refers to the fluctuation in economic activity over a period of time, including periods of expansion (growth), contraction (recession), and recovery. The other options are not accurate descriptions of short-term economic fluctuations.

The Short-Term Ups and Downs in the Level of Economic