- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 2. Understanding Business Cycles
- Subject 1. Overview of the Business Cycle
CFA Practice Question
The business cycle is the ______.
A. term used to describe fluctuations in output around its long-term trend
B. length of time required by a firm to buy inputs and produce and sell output
C. pattern of increases and decreases in the money supply
Explanation: Business cycles are a fundamental feature of market economies, but their amplitude and length varies considerably.
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