ECONOMICS
BUSINESS CYCLES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Business cycle has four phases:
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expansion, peak, contraction, trough
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peak, expansion, concept, decline
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contraction, peak, expansion, uprise
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trough, peak, decline, uprise
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Explanation:
Detailed explanation-1: -The economic cycle generally comprises four phases: expansion, peak, contraction, and recovery. The duration of economic cycles varies, making the phases difficult to time. Some sectors tend to outperform others during different phases of the cycle.
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