Asked by Mollie Weber on Jun 07, 2024
Verified
In 2008 we were in the ___________ phase of the business cycle.
Business Cycle
The cyclical fluctuations in economic activity that an economy experiences over a period of time, including periods of expansion and contraction.
- Determine the various phases present in the business cycle.
Verified Answer
MM
Learning Objectives
- Determine the various phases present in the business cycle.