What Is a Business Cycle

question 61

Multiple Choice

What is a business cycle?

• A)It is a firm's pattern of sales during a given year.
• B)It is the economy's pattern of fluctuations in economic activity: expansion followed by contraction and then by an expansion.
• C)It is the pattern of fluctuations in consumer spending: increased spending during the summer months and holiday seasons and decreases at other times of the year.
• D)It is the pattern of growth in gross domestic product over the long run.

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Definitions:

Homologous

Relating to or derived from a similar origin, especially referring to structures that have the same evolutionary background but may serve different functions.

Cul-de-sac

A blind alley or dead-end street, but in anatomy, it refers to a sac- or pouch-like cavity or space that is closed at one end.

Puncture

The act of making a small hole in something, often for medical reasons such as to draw blood or administer medication.

Surgical

Related to or used for medical operations that involve cutting into the body to treat diseases or injuries.