Contrast the phases of economic cycles Instructions After you have read and studied the first module, carefully study the following graph. Then answer the following questions using that graph as a reference. Figure l: Graph of economic cycles Note: Graph designed by Prof. Evaristo Medina to illustrate the phases of economic cycles Read each premise carefully and answer the questions specifically and in detail. Keep in mind that, to obtain the total value that corresponds to each question, you must answer the request with the correct information, demonstrating that you understand and can properly apply the concepts studied. Try to address all elements of each question and always express answers in your own words. During a certain period of time, the economic growth of a country is reflected through some phases of the economic cycle. What is a business cycle? Explain. What are the four phases of the business cycle? Explain each one. Do the four phases have a certain order? Explain your answer. Does an economic cycle have a specific period of months or years? Explain your