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Which of these phrases best describes the business cycle?

  • Question 3c of 10 - economic policy

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 1
  • Question: Which of these phrases best describes the business cycle?
  • Answers:
  1. A system of managing the economy by increasing or decreasing the supply of money
  2. A system of managing the economy by increasing or decreasing federal expenditures
  3. The process of creating policy for businesses, beginning with agenda setting and ending with evaluating the policy's effect on the business's bottom line
  4. A recurring cycle of booms and busts, recoveries and recessions

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

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