Which of these phrases best describes the business cycle?
A) The process of creating policy for businesses, beginning with agenda setting and ending with evaluating the policy's effect on the business's bottom line
B) A recurring cycle of booms and busts, recoveries and recessions
C) A system of managing the economy by increasing or decreasing the supply of money
D) A system of managing the economy by increasing or decreasing federal expenditures
A) The process of creating policy for businesses, beginning with agenda setting and ending with evaluating the policy's effect on the business's bottom line
B) A recurring cycle of booms and busts, recoveries and recessions
C) A system of managing the economy by increasing or decreasing the supply of money
D) A system of managing the economy by increasing or decreasing federal expenditures
Answer & ExplanationAnswer: B) A recurring cycle of booms and busts, recoveries and recessions
Phoenicians competed with Minoans for control of trading over Mediterranean region. Minoans were the society lived for 500 years in 2000 - 1500 BC. Whereas Phoenicians were the civilization lived across mediterranean region.
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