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Which of the following defines the business cycle?

the preferred mode of transport for ecologically aware business owners

a system of managing the economy by increasing or decreasing the supply of money

a system of managing the economy by increasing or decreasing federal expenditures

a recurring cycle of booms and busts, recoveries and recessions

Verified Answer :

The best definition of the business cycle would be "a recurring cycle of booms and busts, recoveries and recessions," since these are somewhat more predictable over the long-run than depressions and major recessions. 

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