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A business cycle is ______.?

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a very deep and prolonged economic downturn

a period in which output and employment are rising

a period in which output and employment are falling

a short-run alternation between economic upturns and downturns

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  1. a short-run alternation between economic upturns and downturns


  2. the cycle is both expansions (upturns) and recessions (downturns)
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