Which of the Following Best Defines the Term Business Cycle

Short Answer

Which of the following best defines the term business cycle?
The conditions of the economic system in which an organization operates
The pattern of short-term ups and downs in an economy
The total quantity of goods and services produced by an economic system during a given period
The measure of economic growth that compares how much a system produces with the resources needed to produce it
The total quantity and quality of goods and services that a country's citizens can purchase with the currency used in their economic system