Which of the following defines the business cycle?
the preferred mode of transport for ecologically aware business owners
a system of managing the economy by increasing or decreasing the supply of money
a system of managing the economy by increasing or decreasing federal expenditures
a recurring cycle of booms and busts, recoveries and recessions
The best definition of the business cycle would be "a recurring cycle of booms and busts, recoveries and recessions," since these are somewhat more predictable over the long-run than depressions and major recessions.
