Multiple Choice
What is a business cycle?
A) The length of time a business can sell a product before it becomes obsolete.
B) The length of time it takes a business to take a product from the development stage to the mass market stage.
C) The ups and downs of the economy as measured by GDP growth, employment and profits.
D) The response of the economy to disturbances resulting from outside shocks.
Correct Answer:
Verified
Correct Answer:
Verified
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