Is a pattern of irregular yet repeated flow of expansion and contraction of aggregate economic activity.

Question

Mathematics

Deangelo Rangel

8 October, 13:58

Is a pattern of irregular yet repeated flow of expansion and contraction of aggregate economic activity.

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Answers (2)

Know the Answer?

Nehemiah Mahoney · Answer 1

This is a business cycle.

A business cycle is defined as an "up & down movement" that corresponds to expansion and contraction

Business cycles last from 2 to 12 years.

Helen Craig · Answer 2

business cycle is defined as an "up and down movement" - this corresponds to expansion and contraction. This expansion and contraction is measured for example in the Gross Domestic Product (GDP) of a country.