Economy, asked by Skysweetwini6170, 11 months ago

What is a business cycle?wht its phases

Answers

Answered by shubham610
2
The business cycle, also known as the economic cycle or trade cycle, is the downward and upward movement of gross domestic product around its long-term growth trend. The length of a business cycle is the period of time containing a single boom and contraction in sequence.
Business Cycle Phases. Business cycles are identified as having four distinct phases: expansion, peak, contraction, and trough. An expansion is characterized by increasing employment, economic growth, and upward pressure on prices.Business Cycle Phases. Business cycles are identified as having four distinct phases: expansion, peak, contraction, and trough. An expansion is characterized by increasing employment, economic growth, and upward pressure on prices.

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Answered by Geazy
1
business cyle uhh!!

* I live in luxury
* top floor lifestyle
* surrounded with girls
* right now in L.A
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