Question

Your friend asked you what a business cycle means. You tell them that a business cycle reflects changes in real GDP. Then you tell them that the stages of a business cycle in correct order are:

Answer 1

Growth, Boom, Recession and the Slump

Step-by-step explanation:

Growth, Boom, Recession and the Slump.

Some books include the recovery but it is just counted included in the growth.

HOPE THIS HELPED