According to Progressives, what are the four phases of a business cycle?

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The four phases of a business cycle according to Progressives are recovery, prosperity, crisis, and recession. This sequence reflects the cyclical nature of economic activity, starting with recovery (where the economy begins to grow again after a downturn), moving into prosperity (a period of economic growth and high employment), followed by a crisis (where economic imbalances lead to a downturn), and ending with a recession (a period of reduced economic activity).

According to Progressives, What Are the Four Phases of a Business