Examlex
List and explain the two phases and two turning points of the business cycle.
Economy State
The current conditions and overall health of a country's economy, influenced by factors such as GDP growth, unemployment rates, and inflation.
Required Return
The minimum return an investor expects to achieve on an investment, considering its risk.
Expected Market Return
The anticipated average rate of return on an investment portfolio or a market index over a certain period, based on historical data and market conditions.
Risk-Free Rate
The return on an investment with no risk of financial loss, often represented by government bonds.
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