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- A business cycle refers to the repetitive economic changes that take place in a country over a period. It consists of expansions (increased economic activity), followed by contractions (decreased economic activity)123. The four phases of the business cycle are expansion, peak, contraction, and trough2. These fluctuations in economic activity have important implications for the welfare of the general population, government institutions, and private sector firms4.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Business cycles are a type of fluctuation found in the aggregate economic activity of a nation—a cycle that consists of expansions occurring at about the same time in many economic activities, followed by similarly general contractions. This sequence of changes is recurrent but not periodic. The business cycle is also called the economic cycle.www.investopedia.com/terms/b/businesscycle.aspA business cycle is the repetitive economic changes that take place in a country over a period. It is identified through the variations in the GDP along with other macroeconomics indexes. The four phases of the business cycle are expansion, peak, contraction, and trough.www.wallstreetmojo.com/business-cycle/A business cycle is a cycle of fluctuations in the Gross Domestic Product (GDP) around its long-term natural growth rate. It explains the expansion and contraction in economic activity that an economy experiences over time.corporatefinanceinstitute.com/resources/economic…Business cycles are intervals of general expansion followed by recession in economic performance. The changes in economic activity that characterize business cycles have important implications for the welfare of the general population, government institutions, and private sector firms.en.wikipedia.org/wiki/Business_cycle
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