State true or false and justify your answer: Business cycles are tracked by individual businesses

Business Dec 23, 2020

State true or false and justify your answer:

Business cycles are tracked by individual businesses.

Expert Solution

Here, the statement given in the question is FALSE.

Business cycles are a macroeconomic concept that deals with the fluctuation in the aggregate level of output of an economy produced by all the firms existing in the market. Thus, it can be tracked by individual businesses.

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