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    Business Cycle: 2019 Rjzveucla

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    Jimmy
    The document discusses the business cycle, which refers to fluctuations in economic growth due to domestic or international factors. It notes that a business cycle has four phases: expansion/upswing, boom/peak, contraction/downswing, and recession/trough. A recession is defined as two consecutive quarters of negative economic growth. The effects of a recession include increased unemployment benefits payments, decreased business investment plans, and lower income levels.

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    Business Cycle: 2019 Rjzveucla

    Uploaded by

    Jimmy
    20 views6 pages
    The document discusses the business cycle, which refers to fluctuations in economic growth due to domestic or international factors. It notes that a business cycle has four phases: expansion/upswing, boom/peak, contraction/downswing, and recession/trough. A recession is defined as two consecutive quarters of negative economic growth. The effects of a recession include increased unemployment benefits payments, decreased business investment plans, and lower income levels.

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    7. Business cycle.pptx

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    The document discusses the business cycle, which refers to fluctuations in economic growth due to domestic or international factors. It notes that a business cycle has four phases: expansion/upswing, boom/peak, contraction/downswing, and recession/trough. A recession is defined as two consecutive quarters of negative economic growth. The effects of a recession include increased unemployment benefits payments, decreased business investment plans, and lower income levels.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    20 views6 pages

    Business Cycle: 2019 Rjzveucla

    Uploaded by

    Jimmy
    The document discusses the business cycle, which refers to fluctuations in economic growth due to domestic or international factors. It notes that a business cycle has four phases: expansion/upswing, boom/peak, contraction/downswing, and recession/trough. A recession is defined as two consecutive quarters of negative economic growth. The effects of a recession include increased unemployment benefits payments, decreased business investment plans, and lower income levels.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 6

    2019

    7. BUSINESS CYCLE https://


    www.youtube.com/watch?v=Vw
    RJzVEUclA
    THE BUSINESS CYCLE
    The business cycle refers to fluctuations in
    the level of economic growth due to either
    domestic or international factors.
    Expansion/upswing – expenditure, output,
    income and employment levels rise.
    Boom/Peak – expenditure, output, income
    and employment levels reach a maximum.
    Contraction/downswing – expenditure,
    output, income and employment levels
    decline.
    Recession/Trough - expenditure, output,
    income and employment levels reach a
    minimum as economic activity troughs. Note
    that a recession is defined as two consecutive
    quarters of negative economic growth.
    AUSTRALIA’S BUSINESS
    CYCLE
    https://www.youtube.com/watch?v=
    ZmVHxc46V2Y

    How is Australia going in the


    business cycle?
    TASK
    Outline the effect of a recession on each of the following:
    a) Payments of unemployed benefits
    b) Business investment plans
    c) Income levels
    IMPACTS OF THE BUSINESS
    CYCLE
    Recession Boom
    Falling production of goods and Increasing production of goods
    services and services
    Falling levels of consumption Rising levels of consumption and
    and investment investment

    Rising unemployment Falling unemployment


    Falling income levels Rising income levels
    Falling quality of life Rising quality of life
    OVER TO YOU
    Complete STOKES activity 1.6
    And question 6 and 9 of SBHS worksheet 2

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