Economists Refer to Fluctuations in Output as the "Business Cycle

question 46

True/False

Economists refer to fluctuations in output as the "business cycle" because movements in output are irregular and unpredictable.

---

Definitions:

Federal Program

A program funded and administered by the national government to achieve specific policy objectives.

Violent Crime Statistics

Data that quantitatively measures the occurrences of actions deemed violent crimes, such as murder, assault, and robbery, often used to analyze trends over time.

Identity Theft

The fraudulent acquisition and use of a person's private identifying information, usually for financial gain.

Ethanol

A renewable fuel made from various plant materials, commonly used as an additive to gasoline to reduce emissions and increase octane.