Which Term Refers to the Pattern of Short-Term Ups and Downs

question 125

Multiple Choice

Which term refers to the pattern of short-term ups and downs in an economy?

• A) aggregate output
• B) business cycle
• C) standard of living
• D) balance of payments
• E) demand and supply schedule

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Definitions:

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An element, feature, or factor that is liable to vary or change; often used in research and data analysis to understand patterns and effects.

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Predetermined standards or conditions that are established for the purpose of evaluating or testing something.

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