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?

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The business cycle a concept in economics describes the fluctuations in economic activity over time It typically consists of four phases expansion peak contraction and trough Here is a summary of each ... View the full answer