Introduction Definition: The business cycle is the periodicbut irregular up-and- down movement ineconomic activity, measured by How do we measure “up- and-downmovement in business activity? Final Ppt Of Inflation. Business cycles. 1. Business Cycles:Unemployment andInflation; 2. Topic OutlineI. Business Cycles • Theories of Business Cycles • Phases of. Business Cycle. Is the economy getting better or worse? Micro vs. Macro. Microeconomics: The study of personal, or small finances. Individuals, families or .
Business Cycle. The business cycle occurs when economic activity speeds up or slows down. A business cycle is a swing in total national output, income and employment, usually lasting for a period of 2 to 10 years, marked by widespread expansion or contraction in many sectors of the economy. ‡ Recession is a general slowdown in economic activity over a long period of time, or a business cycle contraction. ‡ Production as measured by Gross Domestic Product (GDP), employment, investment spending, capacity utilization household incomes, business profits and inflational fall during recessions. Business Cycle. In this lesson, students will be able to identify characteristics of the business cycle. Students will be able to identify and/or define the following.
9 What keeps the Business Cycle Going? 4 variables cause changes in the Business Cycle: Business Investment When the economy is expanding, sales and. What do we mean by “The Business Cycle”? Gross Domestic Product: . Gross Domestic Product: Since WWII, Nominal GDP has grown at. What are the 4 phases of the business cycle? Terms: business cycle, expansion, peak, contraction, trough, recession, leading indicators, coincident indicators. The Business Cycle. What are recessions? Expansions? POTENTIAL GDP, Actual GDP and the GDP GAP; Unemployment and the NAIRU; Okun's Law.