In 2018, a ticket to the World Series game between the Boston Red Sox and the Los Angeles Dodgers was $1,290. In 1963, when the Dodgers played the Yankees, the average price of a ticket was $7. If the consumer price index (CPI) in 1963 was 24.6 and the CPI in 2018 was 252, how much would the 1963 ticket sell for in today’s dollars? $ (Round your answer to two decimal places.)

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.