Amplitude of the Business Cycle Is

question 30

Multiple Choice

Amplitude of the business cycle is

• A)the size of the maximum deviation from trend.
• B)the size of the minimum deviation from trend.
• C)where the turning points of the business cycle occur.
• D)the amount of employment and real GDP changes during one year.
• E)the amount of volatility in the business during one year.

---

Definitions:

Bidder

An individual or entity that makes an offer in response to a tender, aiming to secure a contract or project.

Incentive Payment

A financial reward offered to encourage or motivate specific actions or behaviors in individuals or groups.

Target Amount

The specific financial goal or budget set for a project, initiative, or investment.

Cost Reimbursable Contract

A type of contract where a contractor is paid for all of its allowed expenses to a set limit plus additional payment to allow for a profit.