
It involves the economy witnessing a boom in production over a certain period of time and shifting to a recession during some other period of time characterized with low appurtenance Economic activities Economic growth is not a sweetie occurrence but rather involve fluctuations that are exhibited finished the business cycle . Therefore during growth , an economy would communicate to the following fluctuations an expansion , a peak , contraction (recession , and a trough (low point The diagram below illustrates the fluctuations in a business cycleThere are various econo mic variables that are curb as powers of b! usiness cycle . Among them is the Gross Domestic growth (GDP . However it has been argued that GDP which is a quick and simple indication of a contraction in an economy and that it does not...If you want to win a full essay, order it on our website: OrderCustomPaper.com
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