BUSINESS ADMINISTRATION
BUSINESS POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The business cycle is made up of how many phases?
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5
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4
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3
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2
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Explanation:
Detailed explanation-1: -Key Points. The economic cycle generally comprises four phases: expansion, peak, contraction, and recovery.
Detailed explanation-2: -An economic cycle, which is also referred to as a business cycle, has four stages: expansion, peak, contraction, and trough.
Detailed explanation-3: -The four phases of the business cycle are peak, recession, trough, and expansion. Business cycle lengths vary.
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