_____________ is alternating periods of economic expansion and economic recession.

Question

BlackTom AI · Accepted Answer

The question asks which term describes alternating periods of economic expansion and recession.
Option 1: 'Financial crisis' refers to a specific event where financial markets experience severe disruption, not the ongoing pattern of expansions and contractions in the overall economy. It does not describe alternating cycles by itself.
Option 2: 'Economic growth' is the overall increase in a nation’s output, usually measured as GDP growth, and does not imply the alternating ups and downs characteristic of the business cycle.
Option 3: 'Seasonal unemployment' indicates job losses tied to seasonal work schedules (like agriculture or tourism), which is about predictable, periodic unemployment within a year, not the broad alternation between expansions and recessions.
Option 4: 'Business cycle' correctly denotes the recurring sequence of economic expansions (booms) and contractions (recessions) that economies experience over time, matching the description in the question.

_____________ is alternating periods of economic expansion and economic recession.单项选择题

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