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Respond to the following in a minimum of 175 words: (US Only)
The business cycle represents the short-term changes experienced in the economy due to changes in levels of economic activity.
- Summarize the 4 different phases of the business cycle.
- Offer real-life events that you’ve experienced or researched, as examples for 1 to 2 phases of your choice.
- Share the impact that you, your company, or others around you experienced.
- Based on that impact, what corrective action(s) should be taken?
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