The Business Cycle
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Questions and Answers

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?

  • 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?

  • Periods of economic recession
  • Periods of economic expansion
  • Periods of economic recovery
  • Periods of economic stability (correct)

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