1. identify the phases of the business cycle and the problems caused by cyclical fluctuations in the market economy.

Business cycles are distinguished as having four particular stages: top, trough, compression, and development.

Explanation:

Business cycle changes happen around a long haul development pattern and are typically estimated by considering the development pace of genuine total national output.

Three Ways Monetary and Fiscal Policy Change It. The business cycle is brought about by the powers of organic market, the accessibility of capital, and assumptions regarding what's to come.

This is what causes every one of the four periods of the blast and bust cycle.

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