The Business Cycle Is The

question 53

Multiple Choice

The business cycle is the:

• A) Relationship between unemployment and inflation.
• B) Irregular fluctuations in economic activity.
• C) Positive relationship between the quantity of money in an economy and inflation.
• D) Predictable changes in economic activity due to changes in government spending and taxes.

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Definitions:

Export

The selling and shipping of goods or services from one country to another.

China

A country in East Asia, the world's most populous nation, with a long history, rich culture, and significant impact on the global economy and politics.

Tariff

A tax imposed on imported goods and services to increase their price and make domestic products more competitive.