Business cycles

A) have been a recurring source of debate to economic theory throughout history.
B) represent a fairly recent problem confronting economic systems.
C) show very regular and smooth patterns of ups-and-downs in economic systems.
D) cannot occur in market-based economic systems.
E) have been increasingly unstable over the past half century.

Business Cycles

The natural rise and fall of economic growth that occurs over time, consisting of periods of expansion (growth) and contraction (recession) in an economy.

Economic Theory

A set of principles and methodologies that explain how economies function, covering topics from microeconomics to macroeconomics.

Economic Systems

The organized way a society allocates its resources and distributes goods and services among its population.