What Are the Two Key Terms of the Business Cycle

question 55

Multiple Choice

What are the two key terms of the business cycle?

• A) contraction and expansion
• B) inflation and recession
• C) trend and random variation
• D) inflation and deflation

---

Definitions:

Mass Culture

Cultural products and activities that are produced for and consumed by a large number of people across society.

Heroes

Individuals admired for their bravery, outstanding achievements, or noble qualities.

Moderate-run HR Forecast

The prediction of future human resource needs over an intermediate time frame, considering current employee data and projected business growth.

Years

The measure of time in terms of days, months, and years, often used in planning and historical analysis.