Business Cycles

Economics- Phase (I & II)

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The term business cycle refers to –

fluctuations in aggregate economic activity over time.

ups and down in the production of goods

increasing unemployment

declining savings ??

Explanation:

The business cycle, also known as the economic cycle or trade cycle, is the downward and upward movement of gross domestic product (GDP) around its long-term growth trend. The length of a business cycle is the period of time containing a single boom and contraction in sequence.

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