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 |
The Bottom Line. The business cycle is the time it takes the economy to go through all four phases of the cycle: expansion, peak, contraction, and trough. |
a repeated series of periods of growth in business activity followed by periods of recession (= times when there is less economic success and business is bad):. |
An economic expansion is associated with: • increase in production/output • decrease in unemployment • increase in wages • increase in consumer spending. |
During the typical mid-cycle phase, the economy exits recovery and enters into expansion, characterized by broader and more self-sustaining economic momentum ... Quarterly Business Cycle... · Insights · Insights Series | Fidelity... |
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