The ________ is the pattern of short-term ups and downs in an economy.
A) aggregate output
B) business cycle
C) standard of living
D) balance of payments

Question

Quizplus · Accepted Answer

The business cycle is a pattern of short-term ups and downs in an economy. The other choices are not specific to this concept - aggregate output refers to the total amount produced in an economy, standard of living refers to the overall quality of life, and balance of payments refers to the difference between a country's exports and imports.

The ________ Is the Pattern of Short-Term Ups and Downs