Economy, asked by rupeshsolanki94, 4 months ago

Q.1. (a) Explain the following
(i) Business cycle

Answers

Answered by sofia2130

5

Answer:

Business cycles are comprised of concerted cyclical upswings and downswings in the broad measures of economic activity—output, employment, income, and sales. The alternating phases of the business cycle are expansions and contractions (also called recessions).

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