Which term refers to 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
E) demand and supply schedule

Name: Which term refers to 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 E) demand and supply schedule
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Question

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B)The business cycle is the short-term pattern of economic expansions and contractions.

Which Term Refers to the Pattern of Short-Term Ups and Downs