The term "business cycle" refers to ________.
A)the opening and eventual closing down of businesses
B)the rising and later declining of the purchasing power of the dollar
C)the acquiring of raw materials and ultimate selling of a finished product
D)the tendency for rich economies to be inevitably out-paced by other economies
E)the slowing and eventual accelerating of economic growth

Question

Quizplus · Accepted Answer

The business cycle refers to the natural fluctuation of economic growth and contraction over a period of time, characterized by alternating periods of recession (slowing of economic growth) and expansion (accelerating economic growth).

The Term "Business Cycle" Refers to ________