JacobPerretti957
Answered

Explore Westonci.ca, the top Q&A platform where your questions are answered by professionals and enthusiasts alike. Join our Q&A platform and get accurate answers to all your questions from professionals across multiple disciplines. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

An economy grows, reaches a peak, then begins a downturn, followed by a period of negative growth (a contraction), that ends in a trough before the next upturn. These ups and downs in an economy are often referred to as __________.

Sagot :

lrathburn
A business cycle is the term used to describe the fluctuation in the economy - the recession and expansion it goes through. Though business cycles are periodic, they are very irregular.
ailud18

An economy grows, reaches a peak, then begins a downturn, followed by a period of negative growth (a contraction), that ends in a trough before the next upturn. These ups and downs in an economy are often referred to as business cycle.

All markets economies have periods when consumption-spending on goods and services-rises. Consumers buy more, companies invest more, and production, income, profit and employment increase. These periods are always followed by periods when investment and spending fall, and unemployment rises. This is the business cycle.

We appreciate your time. Please come back anytime for the latest information and answers to your questions. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.