4.18  The business cycle shows …
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 [1]     phases of economic cycles as the production output of goods and services fluctuates due to policy changes, demand factors and supply factors.
[2]Â Â Â Â Â phases of economic activities as the production of goods only increases or decreases due to changes in aggregate demand.
[3]Â Â Â Â Â patterns of economic fluctuations along the short-term trend.
[4]Â Â Â Â Â Â Â patterns of upswings and expansion around the long-term trend
[1]Â Â Â Â Â phases of economic cycles as the production output of goods and services fluctuates due to policy changes, demand factors and supply factors.
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