A business cycle describes the fluctuations in an economy over a period of time, generally the period from the start of one recession to the start of the next. What Is a Business Cycle? · Measuring and Dating |
An economic cycle is the overall state of the economy as it goes through four stages in a cyclical pattern: expansion, peak, contraction, and trough. What Is the Economic Cycle? · Stages of a Business Cycle |
An economic expansion is associated with: • increase in production/output. • decrease in unemployment. • increase in wages. • increase in consumer spending. |
15 окт. 2024 г. · business cycle, periodic fluctuations in the general rate of economic activity, as measured by the levels of employment, prices, and production. |
The combination of expansions and recessions, the ebb and flow of economic activity, is called the business cycle. |
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