The fact that business cycles are periodic but not recurrent means that
A) business cycles occur at predictable intervals,but do not last a predetermined length of time.
B) the business cycle's standard contraction-trough-expansion-peak pattern has been observed to recur over and over again,but not at predictable intervals.
C) business cycles occur at predictable intervals,but do not all follow a standard contraction-trough-expansion-peak pattern.
D) business cycles last a predetermined length of time,but do not all follow a standard contraction-trough-expansion-peak pattern.
Correct Answer:
Verified
Q3: Business cycles all display the following characteristics
Q8: The high point in the business cycle
Q12: The low point in the business cycle
Q13: The longest economic expansion in Canada occurred
Q13: The tendency for declines in economic activity
Q20: When aggregate economic activity is declining,the economy
Q42: An economic variable that moves in the
Q44: An economic variable that moves in the
Q50: An economic variable that doesn't move in
Q55: A variable that tends to move in
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