as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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explain the concept of the economic cycle in two sentences.
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the economic cycle refers to the fluctuations in economic activity, or the boom and bust cycles of economic growth. it is composed of four stages: expansion, peak, contraction, and recession.
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