Business Cycles All Display the Following Characteristics Except

question 34

Multiple Choice

Business cycles all display the following characteristics except

• A)a period of expansion followed by one of contraction.
• B)comovement of many economic variables.
• C)rising prices during an expansion and falling prices during the contraction.
• D)they last a period of one to twelve years.

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Definitions:

Good Faith

Acting with honesty and integrity without any intention to deceive or defraud in a transaction or contract.

Breach

The violation or infringement of a law, obligation, contract, or trust.

Ordinary Care

The degree of care that a reasonably prudent person would exercise under similar circumstances to avoid harm to themselves or property.

Impostor

An individual who deceitfully pretends to be someone else in order to gain a benefit or deceive others.