Nadia's credit card has an apr of 12.18% and a grace period of 17 days, and nadia pays her balance in full every month. if her last billing cycle ended on november 27, 2009, and she made her payment on december 13, 2009, did she owe any interest on her last statement's balance? a. yes, because she didn't pay within the grace period. b. no, because she didn't pay within the grace period. c. no, because she paid within the grace period. d. yes, because she paid within the grace period.

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.