Business cycles | Economics homework help

 

Respond to the following in a minimum of 175 words: (US Only) 

The business cycle represents the short-term changes experienced in the economy due to changes in levels of economic activity. 

  • Summarize the 4 different phases of the business cycle. 
  • Offer real-life events that you’ve experienced or researched, as examples for 1 to 2 phases of your choice.
  • Share the impact that you, your company, or others around you experienced.
  • Based on that impact, what corrective action(s) should be taken? 

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