The Term Business Cycle Refers to The

question 29

Multiple Choice

The term business cycle refers to the:

• A) long- term trends in the level of economic activity
• B) short- term fluctuations in the economy
• C) long- term trends in the price level
• D) short- term ups and downs in the price level

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Definitions:

Foursquare

Foursquare is a local search-and-discovery mobile app which provides search results for its users based on their locations and preferences.

Coupons

Discount vouchers or codes that consumers can use to save money on purchases.

Collaborative Consumption

An economic model based on sharing, swapping, trading, or renting products and services, enabling access over ownership.

Mass Customization

A manufacturing and marketing technique that combines the flexibility and personalization of custom-made products with the low unit costs associated with mass production.