An economy grows, reaches a peak, then begins a downturn, followed by a period of negative growth (a contraction), that ends in
a trough before the next upturn. These ups and downs in an economy are often referred to as __________. booms contractions business cycles recession and inflation
These <span>ups and downs in an economy are often referred to as</span> "business cycles". These cycles are to be expected and don't cause great alarm for economists or investors.
