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Cyclical fluctuations differ from seasonal in that they
ARepeat within a year (typical) (typical)
BAre random and unpredictable (typical) (typical)
CRepeat over several years (e.g. business cycles)
DAlways represent a long-term trend (typical)
Answer & Solution
Correct answer: C. Repeat over several years (e.g. business cycles)
1. Cyclical fluctuations are wave-like swings around the trend over multi-year periods.
2. They are linked to business cycles (boom, recession, depression, recovery).
3. Seasonal effects, by contrast, repeat within a year.
4. Hence (B) is correct.
_Source: Maharashtra Balbharati Std XII Mathematics & Statistics (Commerce), Ch 4 "Time Series", §4.4 ¶§4.4_