Irregular fluctuations in economic activity are known as the
A)business cycle.
B)broken window fallacy.
C)tradeoff between inflation and unemployment.
D)ten principles of economics.

Question

Quizplus · Accepted Answer

Irregular fluctuations in economic activity are known as the business cycle. The business cycle is characterized by periods of economic growth, recessions, and recoveries. It is caused by various factors such as changes in consumer spending, investment, government policies, and global events. Understanding the business cycle is important for policymakers and businesses in making decisions related to fiscal and monetary policies, investments, and production.

Irregular Fluctuations in Economic Activity Are Known as the