The concept and components of business cycles

Your answer should be no less than 300 words in length. It is important that your answer is justified and supported with substantial research, examples and opinion. A brief introduction and conclusion should be included in your answer. The use of 2-3 academic resources is required).*wikipedia is not accepted as a reference for your assignment*

APA is required for this assignment. Please note that APA style includes components such as: title page, abstract and reference page.

Assignment: In an essay, explain the concept and components of business cycles, and identify some of the factors that contribute to the expansion and contraction of economic activity.