The fed's eclecticism reflects
a. changes in the targets the fed sets for adjusting monetary policy.
b. fixed rules that are set for monetary growth rates.
c. guidance from congress.
d. the targeting of interest rates as the only goal to be achieved by monetary policy.

The correct answer for the question that is being presented above is this one: "A.Changes in the targets the Fed sets for adjusting monetary policy." Instead of fixed rules for money-supply growth, the Fed's eclectic combination of flexible rules and limited discretion targets money-supply growth.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.