What do economists use the term "business cycle" to refer to?
A)fluctuations in economic activity, measured by GDP or unemployment
B)periods of increase or decrease in the rate of inflation
C)the growth of small businesses into major corporations
D)qualitative changes in products resulting from improved technology

Question

Quizplus · Accepted Answer

Economists use the term "business cycle" to refer to fluctuations in economic activity, which are often measured by changes in GDP or unemployment. The business cycle is characterized by periods of expansion or growth, which are followed by periods of contraction or recession.

What Do Economists Use the Term "Business Cycle" to Refer