12+ Economic Cycle Diagram. Determination of the february 2020 peak in us economic activity. accessed june 8, 2020. In the expansion phase, there is an increase in various economic factors, such as production, employment, output, wages, profits, demand and supply of products, and sales.
10 Staged Business Cycle Diagram-PowerPoint Diagram from authorstream.s3.amazonaws.com
The chronology identifies the dates of peaks and troughs that frame economic recessions and expansions. A peak is the highest point of the business cycle, when the economy is producing at maximum allowable output, employment is at or above full employment. The economic cycle is the natural fluctuation of the economy between periods of expansion (growth) and contraction (recession).
The diagram above is a hypothetical illustration of the business cycle.
12+ Economic Cycle Diagram. One entire business cycle is the completion of an expansion and a contraction sequentially. Economic cycles are identified as having four distinct economic stages: The length of a business cycle is the period of time containing a single boom and contraction in sequence. The business cycle often parallels share price changes in the stock market cycle.
