Read each premise carefully and answer the questions in a specific and detailed manner.Try to address all elements of each question and always express the answers not copying & pasting.

During a given period of time, the economic growth of a country is reflected through a number of phases of the business cycle.

1. What is an economic cycle? Explain.
2. What are the four phases of the business cycle? Explain each one.
3. Do the four phases have a particular order? Explain your answer.
4. Does an economic cycle have a specific time frame of months or years? Explain your answer.