Jeff went shopping last monday and almost bought an item for $50. he decided against making the purchase because he did not like the trade-offs. what kept jeff from making the purchase? the item was too expensive. he knew the purchase would prevent him from using the money in better ways. he did not have $50 with him at the time. the item was not made in an environmentally friendly way and was not a fair-trade item.

He knew the purchase will prevent him from using the money and better ways

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.