Business Cycles.

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Presentation transcript:

Business Cycles

Business Cycles Peak Expansion (recovery) Contraction -Can lead to A recession Trough -can lead to a depression

Business Cycles Expansion (recovery) – Rise in GDP Plenty of jobs Falling unemployment Business prosperity

Business Cycles Peak – height of economic expansion Contraction Falling GDP – fewer goods/services produced this yr than last Rising unemployment Can lead to a recession (prolonged contraction) Trough – lowest point of the economy -can lead to a depression (extended recession) -high unemployment & low GDP

What affects a business cycle Business Investment Interest rates Consumer expectations External shocks

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