Which of the following defines the business cycle?

the preferred mode of transport for ecologically aware business owners

a system of managing the economy by increasing or decreasing the supply of money

a system of managing the economy by increasing or decreasing federal expenditures

a recurring cycle of booms and busts, recoveries and recessions

Question

Daniel Liu

History

17 September, 20:19

Which of the following defines the business cycle?

the preferred mode of transport for ecologically aware business owners

a system of managing the economy by increasing or decreasing the supply of money

a system of managing the economy by increasing or decreasing federal expenditures

a recurring cycle of booms and busts, recoveries and recessions

+1

Answers (1)

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Xander Singleton · Answer 1

The best definition of the business cycle would be " a recurring cycle of booms and busts, recoveries and recessions," since these are somewhat more predictable over the long-run than depressions and major recessions.