The Business Cycle

question 30

Multiple Choice

The business cycle

• A) tends to be regular in length and amplitude.
• B) has little or no impact on the price level.
• C) is in the recession phase when national output is rising to its potential level.
• D) has higher rates of unemployment at the trough than at the peak.
• E) has been a rare phenomenon since World War II.

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Definitions:

Successful Career Path

The achievement of personal and professional goals over time through job advancements, skill development, and accomplishing significant milestones in one’s profession.

Creative Thinking Skills

The ability to think in novel and unconventional ways to find solutions to problems or create new ideas.

Motivation

Forces from within individuals that stimulate and drive them to achieve goals.

Automated Function

Describes a process or task that is performed by machines or software without human intervention.