The Defining Feature of Business Cycles Is That They

question 50

Multiple Choice

The defining feature of business cycles is that they

• A) are inherently bad.
• B) represent the underlying trend of real GDP in the economy.
• C) are fluctuations about trend in real GDP.
• D) measure prospects for future growth in the economy.

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Definitions:

Employee Rights

Legal or ethical entitlements associated with employment, including fair pay, safe working conditions, and freedom from discrimination or harassment.

Discrimination

Unfair or prejudicial treatment of individuals based on characteristics such as age, gender, race, or religion.

Hire-At-Will

An employment arrangement where the employer or the employee can terminate the employment at any time, without any requirement of notice or reason, unless it violates state or federal law.

Ethical Dilemma

A situation in which a person must choose between morally conflicting decisions or principles.