1. The Business Cycle in Pictures Using images to reinforce different stages of the economic cycle

2. A: Builders decide to delay construction of new homes B: Reports that the number of new job vacancies is rising C: Increasing hours of overtime are worked D: A growing number of people are counted as homeless H: Consumers hit by delays in product delivery K: The share prices of leading industrial companies are rebounding E: Rising demand for steel products M: Real take-home incomes start to fall L: Rising lipstick sales I: Home delivered pizza becomes more popular J: Rising business class air revenues boost profits of leading airlines G: The number of shifts at leading car plants is cut F: Long-term unemployment reaches new high N. Government announces a fall in the trade deficit due to decline in imports

3. O: Supply of rented property exceeds demand P: Brick manufacturers report a rise in unsold stocks Q: McDonald’s holds prices despite a rise in ingredient costs T: The cost of shipping goods around the world starts to rise U: More building skips start appearing on the streets Y: More companies introduce wage freezes or wage cuts W: Shops delivering lunchtime sandwiches to offices raise their prices because of strong demand R: Imports of sewing machines rise S: Banks relax their credit/ lending rules Z: Rising government spending on welfare benefits V: Retails stores report an increase in demand for male suits X: Recruitment agencies forecast a rise in new jobs from small businesses

5. Real GDP Time The economic cycle in pictures ABCDEF GHIJKL MNOPQR TUVWXYZ S

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