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Question 177

Business cycles emerge in:

A. Socialist economy
B. Free market economy
C. Mixed economic system
D. None of the above

Sagot :

GinnyAnsweridn

Final answer:

Business cycles are fluctuations in economic activities that occur in free market economies.


Explanation:

Business cycles, also known as the boom-bust cycle, occur in free market economies. They represent the periodic fluctuations in economic activities such as expansion, peak, contraction, and trough. These cycles are influenced by various macroeconomic indicators like GDP, employment, investment, and inflation.


Learn more about Business cycles here:

https://brainly.com/question/31642085


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