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Define the business cycle.

  • Question 3b of 10 - economic policy

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 1
  • Question: Define the business cycle.
  • Answers:
  1. The preferred mode of transport for ecologically aware business owners
  2. A system of managing the economy by increasing or decreasing the supply of money
  3. A recurring cycle of booms and busts, recoveries and recessions
  4. A system of managing the economy by increasing or decreasing federal expenditures

The correct answer is: A recurring cycle of booms and busts, recoveries and recessions

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