5 points
What is the name of the recurring pattern in economic activity that is
characterized by alternating periods of expansion & contraction? *
O
Aggregate demand (AD)
Aggregate supply (AS)
Business cycle
Gross Domestic Product (GDP)

The economic history of the free market capitalist countries has shown that the period of economic prosperity or expansion alternates with the period of contraction or recession. ADVERTISEMENTS: These alternating periods of expansion and contraction in economic activity has been called business cycles.

the answer is c.

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