For each of the following scenarios, determine whether the situation described can be attributed to the real-balances effect, the interest-rate effect, or the foreign-purchases effect.1. As a result of an increase in the price level, the cost of borrowing increases, which causes people to buy fewer cars. A. Foreign-purchases effectB. Interest-rate effectC. Real-balances effect
2. When the price level decreases, restaurants become busier as more people purchase restaurant meals. A. Foreign-purchases effectB. Real-balances effectC. Interest-rate effect

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.

There's no picture attached but entrepreneur means a business person.

The answer should be c) medicare.