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Questions and Answers
Which of the following best describes the business cycle?
Which of the following best describes the business cycle?
- A sudden and drastic decrease in economic activity
- A predictable pattern of economic growth and decline (correct)
- A steady increase in economic activity over time
- A random fluctuation in economic activity
What is the main characteristic of the business cycle?
What is the main characteristic of the business cycle?
- Periods of rapid economic decline
- Unpredictable fluctuations in economic activity
- Predictable patterns of economic activity (correct)
- Steady and consistent economic growth
Which of the following is NOT a feature of the business cycle?
Which of the following is NOT a feature of the business cycle?
- Periods of economic recession
- Periods of economic expansion
- Periods of economic recovery
- Periods of economic stability (correct)
