Income mobility Group of answer choices makes lifetime income inequality among income receivers in the United States less than income inequality in any single year. is less in the United States than in most developing nations. refers to the movement of wage earners from one job to another. reduces the total percentage of households in the lowest quintile of the income distribution over time.

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.

His ballance should be $65