business cycle
business cycle
Glossary micro and macro economics
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Economics
Definition of business cycle
business cycle : records the increases and decreases in the level of economic activity over periods of time. Consists of expansion (boom), peak, recession (bust or contraction), trough (bottom), and recovery phases. GDP data is generally used to plot this cycle, a lagging indicator.
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Glossary micro and macro economics
Micro and macro economics glossary index of terms
Definition and meaning of business cycle
Meaning of business cycle
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