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Business Cycle
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]
Prosperity or Expansion ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Prosperity or Expansion ,[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]
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]
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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Business cycle 2011

  • 2.
  • 3. THE BUSINESS CYCLE Phases of the Business Cycle PEAK Level of business activity Time RECESSION TROUGH RECOVERY GROWTH TREND
  • 4. The business cycle O National output Time 1 2 3 4 Potential output 1 2 3 4 Actual output
  • 5. The business cycle O National output Time Potential output Actual output Trend output
  • 6.
  • 7.
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