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please answer the following questions 1. What are peaks & troughs referring to in a business cycle? 2. Do economic theories take human emotions into

please answer the following questions

1. What are peaks & troughs referring to in a business cycle?

2. Do economic theories take human emotions into account? and what role does human emotion play in a recession or a booming economy.

https://www.youtube.com/watch?v=TXrOpjG4dUs

thank you

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