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Tomtit [17]
3 years ago
10

Which term refers to the fluctuations of growth and decline in an economy?

Business
1 answer:
slava [35]3 years ago
5 0
The fluctuation of growth and decline in an economy is called BUSINESS CYCLE OR ECONOMY CYCLE.
The fluctuations in business cycle usually involves shift between period of relatively rapid economic growth and period of relative stagnation or decline. Business cycle is measured by considering the growth rate of real gross domestic product of the nation concerned.
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