Which of the Following Is the Best Description of the Business

Multiple Choice

Which of the following is the best description of the business cycle?

A) the normal cycle of profits and losses by producers in the economy
B) the short-run fluctuations of national income around its trend value
C) a five-year period designed for national accounting purposes to capture the normal cycle of recession periods and boom periods
D) a ten-year period designed for national accounting purposes to capture the normal cycle of recession periods and boom periods
E) the fluctuations of one country's national income in comparison to another country's national income