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- The boom phase of the business cycle is characterized by the following:Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.An economic boom is the expansion and peak phases of the business cycle. It's also known as an upswing, upturn, and a growth period. During a boom, key economic indicators will rise. Gross domestic product (GDP), which measures a nation's economic output, increases.www.thebalancemoney.com/economic-boom-4067…The era of economic development and expansion is referred to as the “ boom ” phase of the business cycle. Economic indices, including employment, GDP, and consumer spending, are rising during this time. Businesses often see greater demand for their goods and services during the expansion period, which results in higher output and hiring.www.geeksforgeeks.org/what-is-business-cycle/
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WEBThe economic cycle generally comprises four phases: expansion, peak, contraction, and recovery. The duration of economic cycles varies, making the phases difficult to time. Some sectors tend to outperform …
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WEBDec 19, 2023 · An economic cycle is the overall state of the economy as it goes through four stages in a cyclical pattern: expansion, peak, contraction, and trough. Factors such as GDP, interest rates, total...
WEBFeb 25, 2024 · The business cycle is the time is takes the economy to go through all four phases of the cycle: expansion, peak, contraction, and trough.
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WEBDec 21, 2022 · The business cycle is the four stages of economic expansion and contraction. Learn more about each stage and what they mean for U.S. businesses and consumers.
WEBFeb 2, 2022 · The different phases and fluctuations that an economy goes through over time, such as periods of booms (expansions) and economic recessions (contractions), are collectively known as the business cycle. …
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