question 3 - multiple choice\nalternating periods of economic expansion and economic recession\ndepression\nr…

question 3 - multiple choice\nalternating periods of economic expansion and economic recession\ndepression\nrecession\nshortage\nbusiness cycle

question 3 - multiple choice\nalternating periods of economic expansion and economic recession\ndepression\nrecession\nshortage\nbusiness cycle

Answer

Brief Explanations:

Business cycles are characterized by alternating periods of economic expansion and recession. A depression is a severe and long - lasting recession. A recession is a period of economic decline. A shortage refers to a situation where demand exceeds supply.

Answer:

Business Cycle