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12-08-2021
Business

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Your friend asked you what a business cycle means. You tell them that a business cycle reflects changes in real GDP. Then you tell them that the stages of a business cycle in correct order are:

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12-08-2021

Answer:

Growth, Boom, Recession and the Slump

Explanation:

Growth, Boom, Recession and the Slump.

Some books include the recovery but it is just counted included in the growth.

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