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TOPIC :Part I Chapter 5 Business Cycles


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Q.1)The term business cycle refers to

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The term "business cycle" refers to the recurring pattern of fluctuations in economic activity over time. It represents the ups and downs in economic conditions experienced by an economy as it goes through different phases. These fluctuations are characterized by changes in the levels of production, employment, income, and other key economic indicators.
ans: (b)



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