Asked by Tamra Lewis on Sep 26, 2024
Verified
Business cycles have predictable ____ but variable ____.
A) impact; structure
B) structure; timing
C) outcomes; inputs
D) effects; phases
E) timing; impact
Business Cycles
Periods of economic expansion and contraction experienced by an economy over time, marked by changes in GDP, employment, and other economic indicators.
Predictable Impact
The anticipated effect or outcome of a specific action or event, based on prior knowledge or patterns.
Variable Timing
A scheduling strategy that allows for flexibility in the timing of tasks, events, or operations, often to accommodate changes or unforeseen variables.
- Understand the concept and phases of business cycles, including their predictable and variable elements.
Verified Answer
Learning Objectives
- Understand the concept and phases of business cycles, including their predictable and variable elements.
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