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Business cycles are intervals of general expansion followed by recession in economic performance. The changes in economic activity that characterize business cycles have important implications for the welfare of the general population, government institutions, and private sector firms.
- Real business-cycle theory
Real business-cycle theory (RBC theory) is a class of new...
- Austrian business cycle theory
The Austrian business cycle theory ( ABCT) is an economic...
- Real business-cycle theory
Feb 25, 2024 · Fact checked by Kirsten Rohrs Schmitt. What Is a Business Cycle? Business cycles are a type of fluctuation found in the aggregate economic activity of a nation—a cycle...
- Lakshman Achuthan
- 2 min
Aug 16, 2017 · Business Cycles. Business cycles or economic fluctuations are the upswings and downswings in aggregate economic activity. Business cycles are composed of two phases and two turning points. 1. Two Phases. . a. Expansion. i. Time in which real GDP rises and unemployment declines. ii. Sometimes called recovery. . b. Contraction. i.
Jan 3, 2023 · The business cycle has four phases: expansion, peak, contraction, and trough, as shown in Figure 1. Figure 1. Stylized Depiction of the Business Cycle. Source: Congressional Research Service. As the economy moves through the business cycle, a number of additional economic indicators tend to shift alongside GDP.
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Business cycles are intervals of expansion followed by recession in economic activity.
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