Ask Question
3 December, 18:38

Is a pattern of irregular yet repeated flow of expansion and contraction of aggregate economic activity.

+3
Answers (2)
  1. 3 December, 19:21
    0
    business cycle is defined as an "up and down movement" - this corresponds to expansion and contraction. This expansion and contraction is measured for example in the Gross Domestic Product (GDP) of a country.
  2. 3 December, 20:57
    0
    This is a business cycle.

    A business cycle is defined as an "up & down movement" that corresponds to expansion and contraction

    Business cycles last from 2 to 12 years.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Is a pattern of irregular yet repeated flow of expansion and contraction of aggregate economic activity. ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers