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TOPIC 1: BUSINESS CYCLE COMPOSITION AND REASONS …
majalil.yolasite.comSECTION A: TYPICAL EXAM QUESTIONS: TOPIC 1: BUSINESS CYCLE COMPOSITION AND REASONS QUESTION 1: 9 minutes (Taken from DoE Nov 2008) 1.1 Study the diagram below and answer the questions that follow. 1.1.1 Define a business cycle. (3) 1.1.2 Identify the labels for the following periods in the business cycle as indicated in the above diagram: