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OpenStudy (anonymous):
What is the business cycle? What causes changes from one phase of the business cycle to another?
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OpenStudy (butterflydreamer):
The business cycle is the fluctuations in economic activity that an economy experiences over a period of time. There are four main phases: expansion, peak (boom), contraction and trough. The link below might be helpful! https://www.boundless.com/economics/textbooks/boundless-economics-textbook/introduction-to-macroeconomics-18/key-topics-in-macroeconomics-91/the-business-cycle-definition-and-phases-342-12439/
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