Business Cycles

question 76

Multiple Choice

Business cycles

• A)have existed since the Industrial Revolution, but have been analyzed by economists only since the nineteenth century.
• B)have existed since the nineteenth century, but have been analyzed by economists only since World War II.
• C)have existed since World War II, but have been analyzed by economists only since 1980.
• D)have existed since the Middle Ages, but have been analyzed by economists only since the Industrial Revolution.

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Definitions:

Self-Fulfilling Prophecy

A prediction that directly or indirectly causes itself to become true due to positive feedback between belief and behavior.

Non-Verbal Cues

Forms of communication without words, such as gestures, facial expressions, posture, and tone of voice, which can convey a wide range of messages.

Self-Fulfilling Prophecy

A psychological phenomenon whereby an individual's or group's belief or expectation brings about its own realization, influencing their behavior to make the prediction come true.

Organizational Effectiveness

Organizational effectiveness is the extent to which an organization achieves its goals and meets the needs of its stakeholders through efficient use of resources.