367,358 views
8 votes
8 votes
A business cycle is best described as

User Nuch
by
2.4k points

1 Answer

7 votes
7 votes
the business cycle is the upward and downward movements of levels of GDP (gross domestic product) and refers to the period of expansions and contractions in the level of economic activities (business fluctuations) around a long-term growth trend.
User Eric Nelson
by
3.2k points