Business Cycles Are

question 49

Multiple Choice

Business cycles are:

• A) regular and predictable.
• B) irregular but predictable.
• C) regular but unpredictable.
• D) irregular and unpredictable.

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Definitions:

Horizontal Axis

In a graph or chart, the x-axis, which typically represents the independent variable or the base for measurement comparisons.

Vertical Axis

The y-axis on a graph or chart which is usually used to measure and represent the dependent variable.

Utility Function

A mathematical representation that associates levels of satisfaction or utility with consumption of goods and services.

Indifference Curves

Graphs representing different bundles of goods between which a consumer is indifferent, showing combinations that provide the same level of utility to the consumer.