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Business Cycle Economics

Business cycle
A cycle or series of cycles with Economic expansion and contraction
Expansion
The action of becoming larger or more expanded
Economic Growth
An increase in the amount of goods and services produced per heads of population over a period of time
Peak
Greatest; maximum
ConTraction
The process of becoming smaller
Trough
The point of low activity, achievement
Recession
The period of temporary economic decline during which trade and Industrial activity or reduce
Depression
A long and severe recession in an economy or government
Stagflation
Persistent high inflation combined with hi unemployment and stagnant demand in a country’s economy
Leading indicators
a measurable economic factor that changes before the economy starts to follow a particular pattern or trend

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