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Multiple Choice Question

What are business cycles?

A. The reporting periods that companies must declare their earnings
B. The periodic rises and falls that occur in economies over time
C. The quarterly time periods that a government uses to report GDP and unemployment rates
D. The time it takes from producing a product to selling it



Answer :

GinnyAnswer

Final answer:

Business cycles are fluctuations in economies over time involving periods of growth and decline.


Explanation:

Business cycles refer to the periodic rises and falls in economies over time, involving shifts between periods of economic growth and decline. These fluctuations are measured using the growth rate of real GDP. The business cycle consists of phases such as expansion, peak, contraction, and trough.


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