Question

An economy grows, reaches a peak, then begins a downturn, followed by a period of negative growth (a contraction), that ends in a trough before the next upturn. These ups and downs in an economy are often referred to as __________. booms contractions business cycles recession and inflation

Answer 1

These ups and downs in an economy are often referred to as "business cycles". These cycles are to be expected and don't cause great alarm for economists or investors.

Answer 2

Answer:

C. business cycles

Explanation:

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