Cyclical variation,one of the four different components of a time series,is more likely to exhibit business cycles that record periods of economic recession and inflation.

Question

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Cyclical variation, also known as business cycle, is the component of a time series that shows the regular pattern of expansion and contraction in economic activity, such as periods of economic recessions and inflation. Therefore, it is more likely to exhibit business cycles.

Cyclical Variation,one of the Four Different Components of a Time