Business Cycle Definition Economics Quizlet

You will be quizzed on peaks and recessions in the business cycle.

Business cycle definition economics quizlet. A capitalistic economy experiences fluctua tions in the level of economic activity. 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. Learn vocabulary terms and more with flashcards games and other study tools.

At times consumption investment employment output etc rise and at other times these macroeconomic variables fall. And fluctuations in economic activity mean fluctuations in macroeconomic variables. In economics a trough is a low turning point or a local minimum of a business cycle.

About this quiz worksheet. Learn vocabulary terms and more with flashcards games and other study tools. Declining business fewer jobs.

The business cycle is the natural rise and fall of economic growth that occurs over time. Such fluctua tions in macroeconomic variables are known. Start studying business cycle definitions.

Concerned wit the study of the economy as a while with the total aggregate level of economic activity. In this set 11 macroeconomics. Start studying economics test business cycle chapter 9.

The cycle is a useful tool for analyzing the economy. A business cycle contraction which results in a general slowdown in economic activity. The time evolution of many variables of economics exhibit a wave like behavior with local maxima peaks followed by local minima troughs.