Questions: Select the statement below that corresponds to the business cycle. Happens between expansions and recessions Happens between recessions and expansions Process of expansion and contraction of the GDP Shows only the periods of economic decline

Select the statement below that corresponds to the business cycle. Happens between expansions and recessions Happens between recessions and expansions Process of expansion and contraction of the GDP Shows only the periods of economic decline
Transcript text: Select the statement below that corresponds to the business cycle. Happens between expansions and recessions Happens between recessions and expansions Process of expansion and contraction of the GDP Shows only the periods of economic decline
failed

Solution

failed
failed
Answer

The answer is "Process of expansion and contraction of the GDP."

Explanation
Option 1: Happens between expansions and recessions

This statement is partially correct but does not fully capture the essence of the business cycle. The business cycle includes both expansions and recessions, not just the transitions between them.

Option 2: Happens between recessions and expansions

Similar to Option 1, this statement is also partially correct but incomplete. The business cycle encompasses the entire process of economic fluctuations, not just the transitions.

Option 3: Process of expansion and contraction of the GDP

This statement accurately describes the business cycle. The business cycle refers to the fluctuations in economic activity that an economy experiences over a period of time, characterized by periods of expansion (growth in GDP) and contraction (decline in GDP).

Option 4: Shows only the periods of economic decline

This statement is incorrect. The business cycle includes both periods of economic growth (expansion) and decline (recession), not just the periods of economic decline.

Was this solution helpful?
failed
Unhelpful
failed
Helpful

Questions asked by other users

failedAnswered
Use Coulomb's law to calculate the energy of a magnesium ion and an oxide ion at their equilibrium ion-pair separation distance. Ion Radius (pm) Mg2+ 72 O2- 140
failedAnswered
Question 5 The following will shift the demand curve for coffee outwards (to the right) A decrease in the price of pastries (a complementary good). A new study that links the drinking of coffee to certain stomach diseases. A decline in the price of coffee. A shift in supply.
failedAnswered
Solve the given system by the substitution method. 2x + y = 11 7x - 3y = 19
failedAnswered
1. The nurse notes that the client's total bilirubin is 1.0 mg / dL. Which action by the nurse is correct? 1. Assess the client's sclerae for evidence of jaundice. 2. Check the client's stool for presence of occult blood. 3. Record the results as normal. 4. Test the client's urine for blood. 2. After a liver biopsy on the client with cirrhosis, which nursing intervention is most appropriate to add to the plan of care? 1. Ambulate the client twice each shift. 2. Elevate the client's legs on two pillows. 3. Keep the client in high Fowler position. 4. Position the client on their right side. 3. Which action by the nurse best reduces the risk of transmitting the virus for a client diagnosed with HAV? 1. The nurse puts on a mask and gown when providing direct care. 2. The nurse maintains the client in a private room at all times. 3. The nurse performs vigorous hand washing after leaving the room. 4. The nurse wears gloves when entering the client's room.
failedAnswered
Look at this sentence: Harry abandoned the article on Oprah Winfrey halfway through because he thought it was too long. Select the definition of article that the sentence uses. article noun articles 1. a thing or object: She bought two articles of clothing. 2. a piece of writing in a magazine or newspaper: I just read an interesting article. 3. (grammar) the word a, an, or the: The article "an" is less common than "a" or "the."