Question: Use the business cycle model to explain the difference between a recession and an economic boom. Explain in detail how businesses are affected by a

Use the business cycle model to explain the difference between a recession and an economic boom. Explain in detail how businesses are affected by a recession and an economic boom.

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Use the business cycle model to explain the difference between a recession and an economic boom. Explain in detail how businesses are affected by a recession and an economic boom.[25 marks]

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