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Cycle
Peak
Boom Recession
Recovery Depression
Trough
Scheme of Presentation
Introduction
Different Phases of Business Cycle
o Expansion
• Recovery
• Boom
• Peak
o Contraction
• Recession
• Depression
• Trough
Factors That Shape Business Cycle
Introduction
Definition:- 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.