Answer Happy

Persistence is O the tendency for a period of economic decline to be followed by further declines, and for periods of economic growth to be followed by more growth. O the idea that peaks and troughs of the business cycle occur at regular intervals. O the idea that the standard pattern of contraction-trough-expansion-peak occurs again and again in industrial economies. the tendency of many economic variables to move together in a predictable way over the business cycle.

Persistence is O the tendency for a period of economic decline to be followed by further declines, and for periods of economic growth to be followed by more growth. O the idea that peaks and troughs of the business cycle occur at regular intervals. O the idea that the standard pattern of contraction-trough-expansion-peak occurs again and again in industrial economies. the tendency of many economic variables to move together in a predictable way over the business cycle.