Economists Use the Phrase "Business Cycle" When Referring to Fluctuations

question 161

Multiple Choice

Economists use the phrase "business cycle" when referring to fluctuations in

• A) the rate of real output and employment.
• B) interest rates.
• C) the consumer price index.
• D) the general level of prices.

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Definitions:

Benchmarking

The process of comparing one's business processes and performance metrics to industry bests or best practices.

Business Functions

The fundamental activities that are necessary for the operation of a business, such as marketing, finance, and human resources.

Production Processes

The methods and sequences of operations used to produce a good or service.

High Quality

Refers to products, services, or processes that meet or exceed set standards of excellence and are superior in performance or craftsmanship.