phases of business cycles

Answer the following questions using that graph as a reference. Long-term growth trend Expansion Contraction Economic Activity Time During a given period, 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? Explain your answer. 4. Does an economic cycle have a specific time of months or years? Explain your