The Economic Cycle

  • Created by: Ben_95
  • Created on: 30-03-14 12:29

Economic cycle = fluctuations in the level of real GDP.

Normally four stages of the economic cycle:

1. Recession - when the rate of economic groth becomes negative causing real GDP to fall.

2. Recovery - when economic growth becomes positive after a recession.

3. Boom - when actual growth exceeds economic growth.

4. Slowdown - when the economic

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