The business cycle represents the short-term changes experienced in the economy due to changes in levels of economic activity. -Summarize the 4 different phases of the business cycle. -Offer real-life events that you've experienced or researched, as examples for 1 to 2 phases of your choice. - Share the impact that you, your company, or others around you experienced. -Based on that impact, what corrective action(s) should be taken