the bussiness cycle

发布网友发布时间：2022-05-13 21:51

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热心网友时间：2023-10-31 10:30

The business cycle is the periodic but irregular up-and-down movements in economic activity, measured by fluctuations in real GDP and other macroeconomic variables.
A business cycle is not a regular, predictable, or repeating phenomenon like the swing of the penlum of a clock. Its timing is random and, to a large degress, unpredictable. A business cycle is identified as a sequence of four phases:
1 Contraction (A slowdown in the pace of economic activity)
2 Trough (The lower turning point of a business cycle, where a contraction turns into an expansion)
3 Expansion (A speep in the pace of economic activity)
4 Peak (The upper turning of a business cycle)

A recession occurs if a contraction is severe enough... A deep trough is called a slump or a depression. The difference between a recession and a depression, which is not well-understood by non-economists

热心网友时间：2023-10-31 10:31

你是谁班的？