List the Four Phases in the Business Cycle

question 97

Essay

List the four phases in the business cycle.

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Definitions:

Sensory

Relating to sensation or the physical senses; transmitted or perceived by the senses.

Short-Term

Short-term usually describes a limited period or duration, often referring to memory, where it indicates the capacity to hold small amounts of information in an active, readily available state for a brief period of time.

Long-Term

Relating to, covering, or extending over a long period of time.

Value-Added

The enhancement a company gives its product or service before offering the product to customers, increasing its value.