Which is true about people working in a market economy who have labor skills that are in demand? A) Their earnings are the same as other workers their age.

B) Their incomes tend to be lower than others whose skills are not in demand.

C) Their incomes tend to be higher than others whose skills are not in demand.

D) Their earnings are not related to demand.

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.