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Sagot :
Final answer:
The business cycle phases are expansion, peak, contraction, and trough. Recent indicators point towards Colombia being in an expansion phase.
Explanation:
The phases of a business cycle include expansion, peak, contraction, and trough. Recent indicators suggest Colombia is likely in the expansion phase with moderate economic growth. Inflation rates and unemployment rates can vary based on specific economic conditions.
Learn more about Business cycles and economic indicators here:
https://brainly.com/question/40544597
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