Business cycle


 

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Business cycle

The pattern followed by macroeconommic variables, such as GDP and unemployment that rise and fall irregularly over time, relative to trend. There is some tendency for cyclical movements of large countries to cause similar movements in other countries with whom they trade.

Business cycle

Repetitive cycles of economic expansion and recession. The official peaks and troughs of the US cycle are determined by the National Bureau of Economic Research in Cambridge, MA.



Business cycle

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