True or False: The more extensive the borrowing to purchase assets, the more damage an asset price bubble can cause. True False Among the challenges that the Federal Reserve faces in dealing with asset price bubbles is that it is hard to identify a bubble it has burst. As a result, the emerging consensus among economists on asset price bubbles is that it is better to try to .

Provides for personal development. though leadership training, as well as local, state and district conferences, students involved in a ctsos young people in the maturation process, them grow and assume active roles in their community.

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.