John and sue are both factory workers who earn a combined income of $30,000 a year. they also have four children. they rarely go out to eat, and they rely on family and friends for with day care and other needs. their family would be considered to live in

Relative poverty

Explanation:

Lower class income families are divided into two types:

those who fall under relative poverty: their income is lower than the median income, but they are not deprived of all basic needs. those who fall under absolute poverty: their income falls under the poverty line income and they are deprived of many basic needs.

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.