Which of the following economic terms describes an increase in product price without the increase of money's worth?
a.) inflation.
b.) fiat currency.
c.) deflation.
d.) gold standard.

The correct answer in this question is option A. Inflation is experienced when there is an increase in product price without increasing the worth of the money. This results to lesser number of goods and services that one is going to buy. Inflation would also fend off investors.

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.