A firm's real sales rise by 3% this quarter. Is this a sign of a booming economy? Group of answer choices Yes, this is positive sales growth. No, only sales above 5% growth indicate a strong economy. No, the sales growth might have been negative in the previous quarter. No, the sales have not been adjusted for inflation.

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 letter c i’m pretty sure