Business cycle 2011

Meaning of a Business Cycle ,[object Object],[object Object],[object Object],[object Object]

THE BUSINESS CYCLE Phases of the Business Cycle PEAK Level of business activity Time RECESSION TROUGH RECOVERY GROWTH TREND

The business cycle O National output Time 1 2 3 4 Potential output 1 2 3 4 Actual output

The business cycle O National output Time Potential output Actual output Trend output

Characteristics of Business Cycles ,[object Object],[object Object],[object Object],[object Object]

Phases of Business Cycles ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Phases of Business Cycles ,[object Object],[object Object],[object Object],[object Object],[object Object]

Prosperity or Expansion ,[object Object],[object Object]

Prosperity or Expansion ,[object Object],[object Object],[object Object]

Prosperity or Expansion ,[object Object],[object Object],[object Object],[object Object]

Prosperity or Expansion ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Recession ,[object Object],[object Object],[object Object],[object Object],[object Object]

Recession ,[object Object],[object Object],[object Object],[object Object]

Depression or Contraction ,[object Object],[object Object],[object Object],[object Object]

Depression or Contraction ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Recovery ,[object Object],[object Object],[object Object],[object Object]

Recovery ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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