Shomit purchases 100 shares of stock in Classy Corporation for $500 in Year 1. On December 20 of Year 2, he purchases an additional 100 shares in the company for $400. On December 27 of Year 2, Shomit sells the 100 shares acquired in Year 1 for $410. What is Shomit's resulting basis in the shares acquired on December 20 of Year 2? A. 500
B. 490
C. 410
D. 400

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.