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Business Cycle

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Business Cycle 

Short-term fluctuations in the economy.

(Peter Dungan, Toronto  PPG1002H)


Economic fluctuations generally correspond to changes in business conditions. If real GDP is rapidly growing, business is good. During recessions, businesses generally struggle, often experiencing declining sales and lower profits.  Despite the word “cycle”, which suggests predictability, the short term fluctuations of the economy are irregular and, for the most part, unpredictable.





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