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Homework answers / question archive / 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
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
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.
