The Fact That Business Cycles Are Recurrent but Not Periodic

question 30

Multiple Choice

The fact that business cycles are recurrent but not periodic means that

• A)business cycles occur at predictable intervals, but do not last a predetermined length of time.
• B)the business cycle's standard contraction-trough-expansion-peak pattern has been observed to occur over and over again, but not at predictable intervals.
• C)business cycles occur at predictable intervals, but do not all follow a standard contraction-trough-expansion-peak pattern.
• D)business cycles last a predetermined length of time, but do not all follow a standard contraction-trough-expansion-peak pattern.

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Definitions:

Self-Categorisation

The cognitive process in which individuals classify themselves as members of certain social groups or categories, influencing their behavior and self-perception.

Group Norm

An unwritten rule or standard of behavior shared by members of a group that guides conduct and expectations within the group.

Assimilation

The process by which a person or a group's language and/or culture come to resemble those of another group.

Sex-Stereotyped

Having attributes or characteristics traditionally assigned to a specific gender by society.