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from The American Heritage® Dictionary of the English Language, 4th Edition

  • n. A sequence of economic activity typically characterized by recession, fiscal recovery, growth, and fiscal decline.

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. A long-term fluctuation in economic activity between growth and recession

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • n. recurring fluctuations in economic activity consisting of recession and recovery and growth and decline


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