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swat32
3 years ago
10

What is business cycle? PLS HELP

History
2 answers:
ch4aika [34]3 years ago
3 0

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.

goblinko [34]3 years ago
3 0

Answer:

Business cycles are a type of fluctuation found in the aggregate economic activity of nations…a cycle consists of expansions occurring at about the same time in many economic activities, followed by similarly general recessions…this sequence of changes is recurrent but not periodic."

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