Business Cycles

question 185

Multiple Choice

Business cycles

• A)have been a recurring source of debate to economic theory throughout history.
• B)represent a fairly recent problem confronting economic systems.
• C)show very regular and smooth patterns of ups-and-downs in economic systems.
• D)cannot occur in market-based economic systems.
• E)have been increasingly unstable over the past half century.

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Definitions:

Strict Liability

Legal responsibility for damages or injury even if the person found strictly liable was not at fault or negligent.

Rattlesnake

A venomous snake known for the distinctive rattle at the end of its tail, used as a warning signal.

Dangerous Things

Objects or conditions that present a significant risk of harm to people, property, or the environment.

Glass Aquarium

A transparent tank made of glass, designed to house aquatic plants, fish, or other water-dwelling life forms for observation or research.