CA Foundation Economics Chapter 5 MCQ Questions Business Cycles MULTIPLE CHOICE QUESTIONS 1. The term business cycle refers to - (a) fluctuations in aggregate economic activity over time. (b) ups and down in the production of goods (c) increasing unemployment (d) declining savings 2. Expansion phase all but one of the following characteristics. (a) Increase in … [Read more...] about CA Foundation Economics Chapter 5 MCQ Questions Business Cycles