Answer:
A business cycle can be defined as a measure of the short-run fluctuations (downswings and upswings) in economic activity such as the rate of employment, level of output (production), sales and revenue over a specific period of time.
Explanation:
A business cycle can be defined as a measure of the short-run fluctuations (downswings and upswings) in economic activity such as the rate of employment, level of output (production), sales and revenue over a specific period of time.
Simply stated, a business cycle is a measure of the periodic but irregular changes (rise and fall) in the gross domestic product (GDP) of a country.
Basically, the business cycle is characterized by four (4) main stages or phases and these are;
I. Recession (contraction).
II. Recovery
III. Growth (Growth)
IV. Decline
The main purpose of a business cycle is to analyze an economy and to make better financial decisions with respect to a country.
The U.S Army was founded in <span>June 14, 1775, United States of America</span>
Answer:
Cause: The war of 1812 prevented the United States from trading with Britain. Effect: The United States supported a free enterprise system.
Effect: The economy thrived because of increased jobs and demand for goods.
Cause: A large number of Europeans immigrated to the United States.
Effect: Northeastern cities of the United States began to grow rapidly.
Explanation:
Answer:
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