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(Date) Agenda:

(Date) Agenda:. BELLRINGER : Define the following words: Business Cycle Contraction Expansion Where does our current economy fall on the business cycle?. Business Cycle. What is the…. The periodic, but irregular up-and-down movement in economic activity over several periods of time.

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(Date) Agenda:

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  1. (Date)Agenda: BELLRINGER: Define the following words: Business Cycle Contraction Expansion Where does our current economy fall on the business cycle?

  2. Business Cycle What is the… The periodic, but irregular up-and-down movement in economic activity over several periods of time.

  3. Business Cycle are measured by a wide range of statistical observation.

  4. In reality… Business Cycle Irregular Regular Predictable Unpredictable

  5. But a trend can be found… Peak Average Growth Upturn Downturn trough An expansion of above-average growth A peak A contraction of below-average growth A trough or low-point

  6. What are the phases of the Business Cycle?

  7. What are the Up-and Downs? Expansion (a.k.a Economic Boom) A rapid growth in a country’s money making that leads to increase prosperity (wealth). When did America experience an economic boom?

  8. Production output of goods and services Unemployment

  9. What are the Up-and Downs? Contraction (a.k.a Recession) A period of slow economic activity. The downturn phase of the business cycle. How do we know we are currently in a recession?

  10. Recession are marked as periods of… Production output of goods and services Unemployment So, what is an economic depression? A severe recession in which the trough of the contractionary phase is longer.

  11. What are the phases of the Business Cycle?

  12. Pair up! Take out a sheet and… • 1. Draw the following: • The general trend of Business Cycles • Label the following points and areas: • Peak • Trough • Recession • Expansion 2. Read the following: Most economist believe that potential depressions should be offset by economic policy. What is the outcome of a policy to increase government spending on projects, such as road development?

  13. Production output of goods and services Unemployment

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