Harry Chambers helped buyers Hugh and Betty Flint find their dream home. At closing, Harry and the Flints learned how antagonistic the relationship between the seller and his broker had become. The seller, who attended the closing with his attorney, declared that his broker "did little to market this property. I should have made $100,000 more." Then he turned to his attorney and said, "I want you to do everything you can to make sure he does not get a dollar in commission." If the owner refuses to pay commission to his broker, what will happen to the other broker's commission?

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.