A business cycle refers to the
A) continued expansion in Real GDP.
B) recurrent swings (up and down)in Real GDP.
C) continued decline in Real GDP.
D) period when Real GDP grows at unusually high rates.
E) none of the above

Question

Quizplus · Accepted Answer

A business cycle refers to the recurrent swings (up and down) in Real GDP. It includes periods of economic expansion when Real GDP grows and periods of economic contraction when Real GDP declines.

A Business Cycle Refers to the