Question

An economy grows, reaches a peak, then begins a downturn, followed by a period of negative growth (a contraction), that ends in a trough before the next upturn. These ups and downs in an economy are often referred to as __________. booms contractions business cycles recession and inflation

Answer 1

C. business cycles

Step-by-step explanation:

for my plato peoples

hope this helps

Answer 2

These ups and downs in an economy are often referred to as "business cycles". These cycles are to be expected and don't cause great alarm for economists or investors.