Respond to the following in a minimum of 175 words: The business cycle represents the short-term changes experienced in the economy due to changes in levels of economic activity, summarize the 4 different phases of the business cycle, offer real-life events that you’ve experienced or researched, as examples for 1 to 2 phases of your choice, share the impact that you, your company, or others around you experienced and based on that impact, what corrective action(s) should be taken?

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