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what phase of the business cycle do wages go up. expansion. what phase of the business cycle do wages go down. contraction. Study with Quizlet and memorize flashcards containing terms like microeconomics, macroeconomics, gross domestic products and more.
business cycle. Click the card to flip 👆. 1) Alternating periods of economic expansion and recession; 2) recurrent swings (up and down) in real GDP. 3) an entire business cycle is measured from peak to peak. 4) between 1854 and 2001, there are 32 business cycle in the U.S.
Study with Quizlet and memorize flashcards containing terms like Business cycles are, The Bad of the Bad (contractions), The Good of the Bad and more.
Business Cycles. Are defined as alternating increases and decreases in economic activity. 1) the peak. 2) followed by a recession. 3) leading to the trough or bottom of the cycle. 4) finally followed by a recovery or an expansion to another peak. What are the four phases of the business cycle are. Peak.
Study with Quizlet and memorize flashcards containing terms like The term business cycle refers to the _____________ fluctuations in _____________ 1. short-term; the aggregate price level 2. short term; economic growth rates 3. short term; the unemployment rate 4. long term; the aggregate price level 5. long term; economic growth rate 6. long ...
Study with Quizlet and memorize flashcards containing terms like Listed in order, the phases of a complete business cycle are, The low point in the business cycle is referred to as the, In a business a period from peak to trough may be referred to as and more.
Study with Quizlet and memorize flashcards containing terms like What are Business Cycles ?, Mention two main elements of business cycles., What do direction and timing refer in terms of business cycle analysis? and more.
