Business Cycles Are

question 370

Multiple Choice

Business cycles are

• A) irregular, with some having two recessions and no expansion.
• B) predictable, with a recession following a trough.
• C) unpredictable, but always have two phases and two turning points.
• D) unpredictable, and don't always have two phases and two turning points.

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Definitions:

Conflict

A situation or disagreement between two or more parties due to opposing interests or opinions.

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A socio-economic classification describing individuals or families with moderate income levels and economic stability.

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A state or condition where an individual or community lacks financial resources and essentials for a minimum standard of living.