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During a given period of time, the economic growth of a country is reflected through phases of the economic cycle. What is an economic cycle?

During a given period of time, the economic growth of a country is reflected through phases of the economic cycle.

  1. What is an economic cycle? Explain.
  2. What are the four phases of the business cycle? Explain each one.
  3. Do the four phases have a certain order?
  4. Does an economic cycle have a specific time of months or years?

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