tjp580680 tjp580680

19-06-2024
Social Studies

Answered

The periodic rises and falls that occur in economies over time are called:

A. social unrest
B. business cycles
C. business systems
D. peaks and troughs

Answer :

GinnyAnswer GinnyAnswer

19-06-2024

Final answer:

The business cycle is a pattern of economic fluctuations in market economies with distinct phases: expansion, peak, contraction, and trough.

Explanation:

The business cycle, also known as the boom-bust cycle, refers to the periodic rhythm that seems to plague market economies. It consists of four phases: expansion, peak, contraction, and trough. During the cycle, there are fluctuations in economic activities around a long-term growth trend.

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