Maggie is a high school senior who just received her college financial aid award packet in the mail or her mom watches Maggie excitedly open the envelope she sees that she has received grant scholarships and student loans the thought of taking on that makes Maggie a little nervous her mom tells her that student loans are normal and that she will have more time to focus on studying rather than having to work a part-time job in college is her mom‘s advice the same as the advice you would give her explain what your advice would be

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.

The correct answer is  "b)  net income overstated, assets unaffected, liabilities understated, and owner's equity overstated."