“The business 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. These fluctuations typically involve shifts between periods of relatively rapid economic growth (expansions or booms) and periods of relative stagnation or decline (contractions or recessions.)” – Wikipedia
The business cycle is the rhythmic rise and fall of economic growth that occurs over time. This cycle is a useful tool for understanding the
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