Answered

What is a business cycle?

A. The growth of a business from its start through its peak
B. The decline of production during periods of economic difficulty
C. The value of the goods and services produced in a country
D. The repeated rise and fall of economic output over time



Answer :

GinnyAnswer

Final answer:

The business cycle is a pattern of economic fluctuations between growth and recession, mainly determined by GDP changes over time.


Explanation:

The business cycle refers to economy-wide fluctuations in production, trade, and general economic activity, involving shifts between periods of rapid economic growth (expansion) and periods of stagnation or decline (contraction).

These fluctuations are measured using the growth rate of real Gross Domestic Product (GDP) and do not follow a predictable pattern.

The cycles begin at a peak, go through a recession and trough, then lead to an expansion, with the next cycle starting at the subsequent peak.


Learn more about Business cycle definition and phases here:

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