What Are the Phases of the Business Cycle?

Business cycle: Also known as business cycle, business cycle, and prosperity cycle, it refers to a phenomenon in which economic expansion and economic contraction that occur periodically in the economic operation alternately alternate and recur.

Business cycle theory

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Business cycle: also known as business cycle, business cycle,

Is a national

· Fluctuations in output, employment and prices are usually caused by changes in aggregate demand.

Causes of Business Cycle

· The perspective of the currency school

· Multiplier-Acceleration Theory Model

Political theory of the business cycle

· Equilibrium business cycle theory

· Real business cycle theory