The______________is the Rise and Fall of Economic Activity Relative to Long-Term

question 150

Multiple Choice

The______________is the rise and fall of economic activity relative to long-term growth in the economy.

• A)corporate process
• B)peak-trough
• C)corporate procedure
• D)business cycle

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Definitions:

John Maynard Keynes

A British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, usually measured by GDP.

Private Sector

The part of the economy that is owned and operated by individuals and private companies, as opposed to being controlled by the government.

The Global Sullivan Principles

A set of ethical guidelines designed to promote corporate social responsibility, originally focused on human rights and equality in the workplace.