Answered

11. What is a business cycle?

A. the amount of time it takes a business to produce its products
B. a period of increased economic growth
C. a dangerous time for all businesses
D. a period of economic growth followed by economic contraction



Answer :

GinnyAnswer

Final answer:

The business cycle is the pattern of economic expansions and contractions that impact GDP over time.


Explanation:

The business cycle, also known as the boom-bust cycle, refers to the periodic rhythm of expansions and contractions in real GDP. It involves shifts between periods of rapid economic growth (an expansion) and periods of stagnation or decline (a contraction). The cycle is crucial for economists to predict future economic performance.


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