January 20, 2015
Expansionary: Real output in the economy increasing and underemployment rate declining.The population is able to buy more.
Peak: Real GDP is at it highest.
Contraction (Recession): Real output in a economy its decreasing and underemployment its rising. Inflation rate are rising.
Trough: It the lowest point of real GDP, means the end of a recession.
This is great information but I think you should fix your title "Buisness Cycle" because it is misspelled.
ReplyDeleteNice one, I believe according to http://www.businessdictionary.com/definition/business.html I spelled it correctly.
ReplyDelete