The ups and downs in economywide business activity are called The lowest point of a contraction is called the The highest point of an expansion is called the is a downturn in business activity for some length of time. which consist of expansions and contractions in overall business activity. One possible explanation for business fluctuations relates to such as wars, dramatic increases in the prices of raw materials, and earthquakes, floods, and droughts.

The ups and downs in economywide business actwity are called which consist of expansions and contractions in everval businens iktivity The lowest point of a contraction is calod the The highest point of an expansion is cased the is a downturn n businiss actuity for some vength of time. One possibie explanation far businist fluctuat ons retstes to such as wars, dramatic increases in the prices of env materials, and bathqunkes, thooss, and gought