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21 December, 10:19

What is business cycle and how does it work

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  1. 21 December, 10:24
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    Cycles are fluctuations in economic activity experiences over a period of time
  2. 21 December, 10:41
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    Business cycles are fluctuations in economic activity that an economy experiences over a period of time ... The business cycle is characterized by expansion and contraction. During expansion, the economy experiences growth, while a contraction is a period of economic decline. Contractions are also called recessions.
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