Some Economists Prefer to Use the Term Business Fluctuations Rather

question 35

Multiple Choice

Some economists prefer to use the term business fluctuations rather than business cycles to describe the historical growth record in the United States because:

• A) Cycles include a trough phase while fluctuations do not
• B) Cycles imply regularity while fluctuations do not
• C) Fluctuations include an expansion phase while cycles do not
• D) Fluctuations are relatively predictable events

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Definitions:

Heritability

A statistic used in genetics to estimate the degree to which variation in a trait across a population is due to genetic differences among individuals.

Trait

A characteristic way of thinking, feeling, or behaving that tends to be consistent over time and across situations.

Human Characteristics

Traits, qualities, or features that are considered typical of humans, including physical, psychological, and social attributes.

Nature and Nurture

The debate concerning the relative importance of an individual's innate qualities (nature) versus personal experiences (nurture) in determining or causing differences in physical and behavioral traits.