Respuesta :
A business cycle is best defined as economic fluctuations around trend growth. This statement is true.
Business cycles are a sort of variation that may be found in the overall economic activity of a country.
A business cycle is made up of expansions that occur roughly at the same time in many different economic activities, followed by contractions that are similarly widespread (recessions).
This series of modifications is periodic but not recurrent.
Business cycles are made up of coordinated cyclical upswings and downswings in output, employment, income, and sales, which are four broad indices of economic activity.
In the business cycle, expansions and contractions alternate (also called recessions).
Recessions frequently begin at the business cycle's high, when an expansion comes to an end, and finish at its trough, when the following expansion starts.
Hence, the statement "A business cycle is best defined as economic fluctuations around trend growth." is true.
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A business cycle is best defined as economic fluctuations around trend growth: True .
Reason: A business cycle is ups and downs of output around its trend.
A business cycle is a cycle of fluctuations in the Gross Domestic Product (GDP) around its long-term natural growth rate. Business cycles chart the ups and downs of an economy, and understanding them can lead to better financial decisions.
The four stages of the business cycle are expansion, peak, contraction, and trough. Factors such as GDP, interest rates, total employment, and consumer spending, can help determine the current stage of the economic cycle.
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