A business cycle is the measure of all the goods and services produced in the economy during a specific time period.

Name: A business cycle is the measure of all the goods and services produced in the economy during a specific time period.
Brand: Quizplus
Rating: 4.8 (32 reviews)

Question

Quizplus · Accepted Answer

A business cycle is actually a pattern of fluctuations in economic activity that involves periods of expansion, peak, contraction, trough, and recovery. It is not a measure of all goods and services produced in the economy during a specific time period.

A Business Cycle Is the Measure of All the Goods