Business cycles are

A. alternating periods of expanding and contracting economic​ activity, which are usually illustrated using movements in real GDP.
B. all roughly the same in duration and severity.
C. alternating periods of smoothly expanding and contracting economic​ activity, which are usually illustrated using movements in nominal GDP.
D. alternating periods in which real GDP increases in an expansion to a business cycle trough and then decreases in a recession to a business cycle peak.

Business
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