Question

Which of the following economic indicators mirrors the ups and downs of the business cycle? ECON NEEDS THE ANSWER

Group of answer choices


unemployment rate


inflation


CPI


GDP WRONG ANSWER I ALREADY CHOSE THIS ANSWER

Answer 1

Economists use the term business cycle to describe the ups and downs, or fluctuations, in an economy. More specifically, the term refers to the fluctuating levels of economic activity over a period of time measured from the beginning of one recession to the beginning of the next.