What is business cycle with its figure and disposable income?
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What Is a Business Cycle? "Business cycles are a type of fluctuation found in the aggregate economic activity of nations… a cycle consists of expansions occurring at about the same time in many economic activities, followed by similarly general recessions… this sequence of changes is recurrent but not periodic."
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Answer:the aggregate economic activity of nations… a cycle consists of expansions occurring at about the same time in many economic activities, followed by similarly general recessions… this sequence of changes is recurrent but not periodic."
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