The business cycle can be comprehended as the economic cycle that exists the cycle in which the gross domestic product can be caught moving in an upward and downward direction.
The length of this cycle exists the period that consists of a single boom and compaction sequence. It displays the fluctuating levels of growth and downfall in the economy.
Therefore, the correct answer is option d. business cycle.
<h3>What is the business cycle?</h3>
Business cycles exist as a kind of fluctuation found in the aggregate economic activity of a nation a process that consists of developments happening at about the exact time in many economic activities, pursued by similarly general contractions (recessions). This series of changes exist recurrent but not periodic.
Business cycles exist intervals of growth observed by recession in economic activity. These differences have substances for the welfare of the broad population as well as for personal institutions.
The business cycle can be comprehended as the economic cycle that exists the cycle in which the gross domestic product can be caught moving in an upward and downward direction.
Therefore, the correct answer is option d. business cycle.
To learn more about the business cycle refer to:
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The complete question is:
Select the word that best fits the definition: Economic activity characterized by fluctuating levels of growth and decline
a. job security
b. interest rate
c. economy
d. business cycle
