Lexi wants to find the perfect gift for her older sister's college graduation. she started looking for the gift last month and expects to spend another couple of weeks to find a gift her sister will use and like. lexi is engaging in multiple choice routine problem solving. integrated problem solving. problem recognition. extended problem solving. limited problem solving.

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.