Business Cycle – NBC Institute

PSAF – Nov 2020 – L2 – Q6b – Fiscal Policy and Public Finance

Explain the five phases of the economic cycle in relation to fluctuations in GDP.

Question

Economic cycle, also known as business cycle, refers to the upward and downward movements (fluctuations) as shown in the national gross domestic product during a given period.

Required:
Explain the five phases of an economic cycle.

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Tags: Business Cycle, Economic Cycle, expansion, GDP, Recession
Level: Level 2

Topic: Fiscal Policy and Public Finance
Series: NOV 2020

Question Tag: Business Cycle

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PSAF – Nov 2020 – L2 – Q6b – Fiscal Policy and Public Finance

Explain the five phases of the economic cycle in relation to fluctuations in GDP.

PSAF – Nov 2020 – L2 – Q6b – Fiscal Policy and Public Finance

Explain the five phases of the economic cycle in relation to fluctuations in GDP.

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Question Tag: Business Cycle

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PSAF – Nov 2020 – L2 – Q6b – Fiscal Policy and Public Finance

Explain the five phases of the economic cycle in relation to fluctuations in GDP.

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PSAF – Nov 2020 – L2 – Q6b – Fiscal Policy and Public Finance

Explain the five phases of the economic cycle in relation to fluctuations in GDP.

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