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Glossary - Business Cycle
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Learning: Knowledge
A business cycle represents economic fluctuation as measured by ups and downs in GDP, and is understood in terms of expansions and recessions in the economy. The business cycle is measure from a peak, or boom, to the trough, or bust, and returning to the peak. The length of a business cycle is unpredictable. The National Bureau of Economic Research in the US determines the beginning and end of each business cycle.