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TeachMeFinance.com - explain business cycle business cycle -- Fluctuations in overall business activity accompanied
by swings in the unemployment rate, interest rates , and corporate profits.
Over a business cycle, real activity rises to a peak (its highest level
during the cycle), then falls until it reaches a trough (its lowest level
following the peak), whereupon it starts to rise again, defining a new
cycle. Business cycles are irregular, varying in frequency, magnitude,
and duration.
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