Question

The fluctuating levels of economic activity in an economy over a period of time measured from the beginning of

one recession to the beginning of the next is known as a(n)
a. economic recovery
b. expansion
c. contraction
d. business cycle

Answer 1

[AI-generated answer — Bot GPT 3.5]

d. business cycle

Answer 2

[AI-generated answer — Step-by-Step Bot]

The correct answer is d. business cycle. The business cycle refers to the fluctuating levels of economic activity in an economy over a period of time, typically measured from the beginning of one recession to the beginning of the next. It includes stages such as expansion, contraction, recession, and recovery.