from The American Heritage® Dictionary of the English Language, 5th Edition.
- noun A cycle of economic activity typically characterized by recession, recovery, growth, and decline.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun economics A long-term
fluctuationin economic activitybetween growthand recession
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- noun recurring fluctuations in economic activity consisting of recession and recovery and growth and decline
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