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Solution:
(c) Business cycles have uniform characteristics and causes. This is not a characteristic of business cycles.
In fact, business cycles can be quite variable in terms of their length, depth, and timing, and they can be caused by a variety of factors, including changes in consumer and business confidence, shifts in government policy, fluctuations in international trade and financial flows, and natural disasters or other external shocks.
Business cycles also have serious consequences on the well-being of society, as they can lead to unemployment, reduced income and wealth, and social and political unrest.
Although business cycles exhibit some periodicity, they do not exhibit the same regularity as other natural phenomena, such as the seasons or the phases of the moon.
Finally, business cycles can be contagious to some extent, as economic shocks in one country or sector can spill over to other countries or sectors, but they are not entirely unpredictable, as economists and policymakers can use various tools and models to forecast and manage economic fluctuations.
Correct option is (c)