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What is the trend of business cycles, are expansions getting longer or shorter over time?

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Reply to at least 2 of your classmates. Be constructive and professional in your responses Respond to the following in a minimum of 175 words ———————————————————————————————————————————————————— Q1: What is the trend of business cycles, are expansions getting longer or shorter over time? Q2: There are 4 parts to the business cycle. When given a visual representation, it looks much like a roller coaster with ups and downs. The four parts of the business cycle are peak, recession, trough, and expansion.. The peak is the highest point of activity. The downward slope during this time is called a recession. During this time business activity is declining and decreasing. Recessions are considered to be a minimum of two business quarters long (6 months). prolonged and severe recessions can turn into depressions. The third phase is trough, in which is considered the lowest point of business activity in a cycle. When we begin to leave this phase and begin to gradually regain activity, this recovery is considered an expansion. A simple example to apply the business cycle is to use a Beach Store. A beach store typically sales seasonal items such as swimwear, gear, and accessories. During the summer, these business will be at their peak, they will be most active during May, June, July, and August. By the middle of August, families with children usually have to return to school, and are unlikely to be at the beach. Sales begin to slowly decline by mid august and September. Beaches are usually not a popular place for the following 6 or 7 months due to the weather. Due to these circumstances, the beach store is facing the trough phase with little to no business at all. Finally, as spring rolls around business eventually picks back up as people begin purchasing relevant goods for the upcoming spring and summer months.

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