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What is The Business Cycle about?

The business cycle refers to the periodic fluctuations in economic activity, characterized by four phases: expansion, peak, contraction, and trough. Economic growth is marked by higher household income and lower unemployment, while contraction leads to economic decline and potential recessions or depressions. Factors influencing the business cycle include business investment, interest rates, consumer optimism, and external sources.

Author

Dương Huyền

Language

EN