Types Of Economic Cycles
An economic cycle, also known as a business cycle, refers to the fluctuations in economic activity between periods of expansion and contraction . The cycle is characterized by four stages: expansion, peak, contraction, and trough . During the expansion stage, the economy experiences relatively rapid growth. Interest rates tend to be low, and production increases. The economic indicators associated with growth, such as employment and wages, corporate profits and output, View Diagram Types Of Economic Cycles