What's it: Real business cycle is the economy's fluctuation due to shocks from real factors instead of aggregate demand shocks. The new
Business Cycle
Economic Crisis: Types and Effects
What's it: An economic crisis refers to a condition in which the economy is shaken unexpectedly and rapidly spreading. The trigger can take
Economic Collapse: Signs, Causes, and Examples
What's it: An economic collapse is a shock to a country's economy, usually when a crisis is widespread. The decline may have been preceded by a
Economic Depression: Causes, Examples, Effects, Possible Solutions
What it is: An economic depression is a prolonged period of decline in economic activity, worse than a recession. A recession occurs when economic
Economic Recession: Causes, Effects, and Possible Solutions
What's it: An economic recession is a period more severe contraction in which real GDP is negative for two consecutive quarters and can last
Economic Recovery: Meaning, Types, and Characteristics
What it is: An economic recovery is the initial part of the expansion, where the economy gained strength returned to growth after the recession.
Trough Phase of the Business Cycle: Meaning and Characteristics
What's it: Through phase is the lowest point of the business cycle. It occurs when the recession reaches its deepest point before leading to
Economic Boom: Meaning, Characteristics
When an economic boom occurs, you will see the economy grows at a rapid rate. It is the final phase of expansion, before heading for the peak. For
Economic Contraction: Meaning, Causes and Impacts
Economic contraction occurs when aggregate economic activity decreases. Aggregate output measures, such as real GDP and industrial production, show a
Business Cycle: Its 4 Phases, Characteristics, and Effects
What's it: The business cycle refers to the periodic but irregular rise and fall of an economy's output. We can trace the phase from economic
Peak Phase of the Business Cycle: Meaning, Characteristics
What it is: The peak phase is the highest point of the business cycle. It was a turning point after an economic expansion had slowed but before