​The Business Cycle Refers to the Pattern of Stages in the Level

question 12

Multiple Choice

​The business cycle refers to the pattern of stages in the level of economic activity: prosperity,recession,depression,and recovery.During periods of prosperity,consumers are willing to spend ___________,and during periods of recession,consumers are willing to spend _____________.

• A)​Less, more
• B)​More, less
• C)​More, more
• D)​Less, less
• E)​The same, less