The predictable nature of the business cycle makes it easy to forecast when the next upturn or downturn in business activity will occur.

Question

Quizplus · Accepted Answer

The business cycle is subject to numerous unpredictable factors, such as changes in government policies, natural disasters, and global economic conditions. As a result, forecasting the next upturn or downturn in business activity with great accuracy is difficult.

The Predictable Nature of the Business Cycle Makes It Easy