Understanding the economy requires recognizing the predictable sequence of the Business Cycle, which is critical for ...

What are the phases of a business cycle? Expansion, peak, contraction, and trough make up the four stages of a cycle. GDP, interest rates, total employment, and consumer spending can all be used to ...

William Nordhaus coined the term “Political Business Cycle” a half-century ago. The idea was that government authorities, ...

Although this is true for prices (goods and assets), this not true for quantities (output and credit). The world business and credit cycles were as strong during Bretton Woods (1950–1972) as during ...

What is business cycle indicate its phases with suitable examples? have peak, trough, contraction, and expansion. Historically, business cycles occur in response to long-term growth trends and are ...