Alternating periods of economic growth and contraction are referred to as:
A) Fiscal policy.
B) The business cycle.
C) A policy lever.
D) The fiscal cycle.

Question

Quizplus · Accepted Answer

Alternating periods of economic growth and contraction are referred to as the business cycle, which is a natural occurrence in the economy. Fiscal policy refers to government spending and taxation measures to stabilize the economy, while a policy lever is a tool used to influence economic activity. The fiscal cycle is not a commonly used term in economics.

Alternating Periods of Economic Growth and Contraction Are Referred to As