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BUSINESS CYCLE
MEANING
The recurring and fluctuating levels of economic activity that an economy experiences over a long period of time. The five stages of the business cycle are growth (expansion), peak, recession (contraction), trough and recovery. At one time, business cycles were thought to be extremely regular, with predictable durations, but today they are widely believed to be irregular, varying in frequency, magnitude and duration.
Stage
Stage
Stage
The The
Commodity
DEMAND
INTEREST RATES
BUSINESS CYCLE
CONCLUSION
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