The Idea That the Business Cycle Is Recurrent Means That

question 6

Multiple Choice

The idea that the business cycle is recurrent means that

• A)declines in economic activity tend to be followed by further declines, and growth in economic activity tends to be followed by more growth.
• B)the standard pattern of contraction-trough-expansion-peak occurs again and again in industrial economies.
• C)many economic variables to move together in a predictable way over the business cycle.
• D)peaks and troughs of the business cycle occur at regular intervals.

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Definitions:

Dead

A state of biological cessation where an organism no longer exhibits any signs of life or metabolic activity.

Necessary Condition

A condition that must be present for an event or entity to occur or exist.

Birthday

The anniversary of the day on which a person was born, typically celebrated as an annual event.

Necessary Condition

A requirement that must be met for a statement to be true or for an event to occur; without it, the statement cannot be true or the event cannot happen.