About this document
Understanding the Business Cycle by Louise Cruz is a document available to read on EtoBox.
The business cycle refers to the recurring periods of expansion and contraction in economic activity over time. It consists of four phases: expansion, peak, contraction, and trough. During expansion, economic indicators like output, employment, and prices increase. At the peak, expansion slows before a recession begins, where indicators decline. A contraction sees a rapid downturn. After hitting bottom at the trough, recovery follows as the economy grows again. The cycle then repeats, demonstrating the fluc
- Author
- Louise Cruz
- Language
- EN