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The turning points of the business cycle are
Expansion and Peak
Peak and Contraction
Contraction and Trough
Peak and Trough
During the expansion phase, an economy generates positive growth in output and employment. As the expansion matures, the economy can overheat as it reaches peak growth, which is usually evidenced by rising inflationary pressures. From this point, the cycle can turn over for various reasons
By: honey kaundal ProfileResourcesReport error
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