The Irregular and Largely Unpredictable Fluctuations in Economic Activity Are

question 71

Multiple Choice

The irregular and largely unpredictable fluctuations in economic activity are called

• A)market failure.
• B)business cycle.
• C)inflation.
• D)unemployment.

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Definitions:

Median

The middle value in a sorted list of numbers, or the average of the two middle numbers when the list has an even number of entries.

Standard Deviation

An approach to quantifying how much a group of numbers disperses or varies from each other.

Mean

The arithmetic average of a set of numbers, calculated by adding them together and dividing by the number of values.

Median

The median is the middle value in a list of numbers sorted in ascending or descending order, splitting the dataset into two halves.