Which of the following is true of the incidence of strikes?

1.Employer and union stability and stability in the employer’s supplier market are associated with higher strike incidence rates.
2.Strikes decrease as unemployment falls and inflation rises.
3.Strikes are more frequent when the parties’ relative risks have substantially changed since earlier negotiations.
4.Lower proportions of unionized employees in an industry are related to higher strike and wage levels.

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.

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