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DIA [1.3K]
2 years ago
14

this general term describes the wavelike pattern of rising and falling economic activity, consisting of expansions, peaks, contr

actions, and troughs.
Business
1 answer:
jok3333 [9.3K]2 years ago
6 0

A business cycle refers to the  wavelike pattern of rising and falling of economic activity consisting of expansions, peaks, contractions and troughs.

<h3>What is an business cycle?</h3>

It refers to the periodic cycle of an irregular up & down movements in economic activity that is measured by fluctuations in real GDP and other macroeconomic variables.

It is further divided into component from the  booming period to recession period and this is consisting of expansions, peaks, contractions and troughs.

Read more about business cycle

brainly.com/question/26086110

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7 0
4 years ago
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