A classmate wrote: There are four phases of the business cycle, the expansion, the peak, the contraction, and the trough. The expansion is the time when real GDP is rising, the peak
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Recession is a phase of a business cycle which goes through 4 phases - a peak, a downturn, a upturn and a boom.… | Stock market, Economy lessons, Investment banking
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Label the four phases of the business cycle in the graph below. | Homework.Study.com
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Reading: The Business Cycle: Definition and Phases | Introduction to Business | | Course Hero