MGTA01H3 Chapter : Study Guide for MGTA03, Chapter 2

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19 Jul 2010

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16) Which of the following best defines the term business cycle? a) the pattern of short-term ups and downs in an economy the total quantity of goods and services produced by an economic system during a given period the conditions of the economic system in which an organization operates the measure of economic growth that compares how much a system produces with the resources needed to produce it d)

This is a graph of the business cycle.

Time is measured along the x-axis. What is measured along the y-axis?