Question: A business cycle is Select one: a.the cyclical change in the nation's balance of trade. b.the cyclical movement in the interest rates. c.the pattern of

A business cycle is

Select one:

a.the cyclical change in the nation's balance of trade.

b.the cyclical movement in the interest rates.

c.the pattern of short-run upward and downward movements in total output.

d.the increase in consumer spending that accompanies an increase in disposable income.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!