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

In This ArticleIntroduction to Business CycleWhat Are Economic Cycles?What Causes Economic Cycles?Key Economic Theories on ...

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

This positive relationship can be good for consumers, so long as both unemployment and inflation stay low. What Is the Relationship Between the Business Cycle, Inflation, and Unemployment?

Official economic cycle declarations are made by the National Bureau of Economic Research based on specific factors such as GDP growth, household income, and unemployment rates. When a business cycle ...

Unlike other forms of unemployment, it is not tied to economic cycles or voluntary job changes. Instead, it arises when workers' skills no longer match the demands of the job market. This mismatch ...

Keynesians focus on aggregate demand as the principal factor in issues like unemployment and the business cycle. Keynesian economists believe that the business cycle can be managed by active ...