Business, 04.04.2020 13:51 bm42400

A business cycle is the period of time in which: a. a business is established and ceases operations. b. there are four phases: peak, recession, trough and expansion. c. the price level varies with real GDP. d. expansion and contraction of economic activity are equal. e. none of the above are true.

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A business cycle is the period of time in which: a. a business is established and ceases operations....

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