Zenaida949idn
Answered

IDNLearn.com: Where your questions meet expert advice and community insights. Ask any question and receive timely, accurate responses from our dedicated community of experts.

The rise and fall of economic activity through periods of expansion and recession is known as the __________. A. business cycle B. percentage change C. unemployment rate D. consumer price index

Sagot :

The rise and fall of economic activity through periods of expansion and recession is known as the business cycle. This cycle is considered normal and is not cause for alarm.
Amniotecardamomidn

Answer:

(A) business cycle

Explanation:

In economic theory, the process of expansion and retraction of economic activity is theoretically explained by the concept of economic cycle. According to the theory of economic cycles, it is natural for capitalism itself that the heated economy generate euphoria and expectations that are adjusted through recessive crises. After the crisis, the economy recovers gradually, restarting the economic cycle that will materialize when a new recession occurs.

Thank you for using this platform to share and learn. Keep asking and answering. We appreciate every contribution you make. Thank you for choosing IDNLearn.com for your queries. We’re committed to providing accurate answers, so visit us again soon.