Business Cycles Are

Multiple Choice

Business cycles are:

A) short-term patterns of increases and decreases in economic activity around a general trend.
B) irregular fluctuations in the level of economic activity, which rarely occur anymore.
C) predictable economic expansions above the long-term trend.
D) abrupt and unexpected departures from the current economic trend.
E) periodic fluctuations in aggregate demand that depend on the time of the year.