Recurring fluctuations in business activity over the course of one year are known as: (a) seasonal variations (b) random fluctuations (c) the trend (d) the business cycle

Business Dec 23, 2020

Recurring fluctuations in business activity over the course of one year are known as:

(a) seasonal variations

(b) random fluctuations

(d) the business cycle

Expert Solution

The correct option is (a) - seasonal variations.

The recurring fluctuations are those changes in the business cycle that occurs in the business cycle again and again within a specified period, and if these changes incur which in one year then they are known as the seasonal variations.

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