BosnssCycles
- Business cycles = economi fiucluaticns Exfonsian s Pcnoes of mcNasmg ecohaM/c 2chvity Test unhI fu peok Coqtachaa (Recessionary Phase) trougl
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trouah xt -no unifacmihyn wusmess cycles -average g cajHa oF 3% o yeoC
-txfansioas- f mflohen dQ91cN V 8bvxy %T fC 7ooI pSTe W7 fomyer to year y 2versa lengyHh of 2n exoaosiaA iJ 58 Monkus
durmg contachans s imo4ly NB&e dhng CommiHee 7 nsUnes Ht busMss cyde & mak pa&ihong
neqahve for at Lezst Z quaks whn 2contcachaq is sever = &pressc9 sonefmes 2n mknse exp&nsion= boom
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Dis persion- recessions &expansians caa affcct moqy mOuskxs OC jusF 2 feuJ
decines/ncreosesmemploymeAt 5vQ/svcdx3 buump SosexW-efcC N2pho Oecheases oumg reressions Counkercyelicol '- te ogposile ofp(ocyclica) tanof&orssioo coNseobya &opM sgg+egak demond (LocK op spcnding)
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1keynes ylon- Inutase gav spen&ngr& ndf aTse foKes dehet Spenemg -common todal - enuisioned govs sunarg sucpuses in prosperous himes -ur is nof acod for tu tconomydeficif spendng i3 whof e^8C Mu g cef dcarssr8O - UnempbymeqH 3 caunH cycrci
-casco bydeuaose m
of 0octs M t economy) widely Kaown. economi m&cotars sre fhoseM ke Confeeau Boord's mdex de leedmg economrin&icolas
aeall economr ochiy -Combined lo fotAH ComoosifIa&yof Lee&hng Economr In&icsks L(EIs) -7 chamcs m tas aa can&