The Business Cycle Depicts

question 240

Multiple Choice

The business cycle depicts

• A) fluctuations in the general price level.
• B) the phases a business goes through from when it first opens to when it finally closes.
• C) the evolution of technology over time.
• D) short-run fluctuations in output and employment.

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Definitions:

Mediterranean Sea

A body of water connected to the Atlantic Ocean, surrounded by Europe, Africa, and Asia, important for trade and cultural exchange throughout history.

Tainos

Indigenous peoples of the Caribbean, the first Native Americans to encounter Christopher Columbus and his men upon their arrival in the New World.

Lucrative Relations

Relationships, either between countries or businesses, that are highly profitable and beneficial to the parties involved.