Choose the statements that correctly describe the business cycle.
recessions are a natural part of the business cycle.
a peak will follow immediately after a recession.
a depression is a prolonged recession.
a decrease in the production of imported goods will have a negative impact on the business cycle.
gdp that has been adjusted for inflation is the basis for measuring the business cycle.

A depression is a prolonged recession.

Recessions are a natural part of the business cycle.

GDP that has been adjusted for inflation is the basis for measuring the business cycle

Explanation:

A depression is a prolonged recession

Whereas a recession could last between 6 to 18 months, depression may last up to a decade or beyond.

Both recession and depression are periods of very low or negative economic growth. As a depression last longer, its effects are devastating. Depression is characterized by high unemployment rates, reduced trade, and bankruptcies.

Recessions are a natural part of the business cycle.

A business cycle is a natural rise and a fall in production output in an economy over time. A business cycle consists of four main phases that occur at irregular intervals.

Recession refers to a period of economic contraction. At a recession, the GDP is static, growing very low rate, or has negative growth. A high level of unemployment characterizes this period. Reduced incomes are realized in the economy.  Like other phases in the business cycle,  a recession occurs naturally.

GDP that has been adjusted for inflation is the basis for measuring the business cycle

A business cycle describes the increase and decreases in economic production in the country over time.  Economists will use GDP to determine if an economy is growing or contracting.

GDP is a measure of the total goods and services produced in an economy in a period.  To get more accumulate results, economists will adjust GDP for inflation and get real GDP.

Real GDP becomes the basis for a rise of fall in production output. Consequently, real GDP is the base for measuring the economic cycle.

the specific actions take by the fed. what the fed was attempting to do by taking these actions. the result of the actions taken by the fed