Financial Planner

Category - General Principles of Financial Planning

What term is defined as the recurring and fluctuating levels of economic activity that an economy experiences over a long period of time?
  1. Price Indicator
  2. Business Cycle
  3. Economy Cycle
  4. National Indicator
Explanation
Answer: B - Business cycle is defined as the recurring and fluctuating levels of economic activity that an economy experiences over a long period of time. The cycle has five stages: growth, peak, recession, trough, and recovery. From peak to peak most business cycles last three to five years.
Was this helpful? Upvote!
Login to contribute your own answer or details

Top questions

Related questions

Most popular on PracticeQuiz