An indication of the current state of the economy, it reflects change in total economic activity over time.
Business cycles are recurrent sequences of alternating phases of expansion and contraction in the level of a time series
Also known as the economic cycle. The rise and fall of the economy, from a peak, or boom, to a trough (sometimes called a depression) and back to a peak. The length and duration of each phase is not predictable.
A recurring pattern of fluctuating economic growth and decline. The cycle passes through four stages: expansion, peak, recession and recovery.
The rise and fall of economic activity relative to the long term growth trend of the economy.
An irregular but recurring period of interminate scope and origin embracing expansion, prosperity, recession, and recovery.
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.
A predictable long-term pattern of alternating periods of economic growth ( recovery) and decline ( recession), characterized by changing employment, industrial productivity, and interest rates. also called economic cycle. see also cycle.
The periods of recession and expansion that an economy goes through because production does not increase continuously over time.
the recurrence of periods of growth and recession in a nation's economic activity
the recurrent pattern of rising real GDP followed by falling real GDP
Over time, the economy goes through periods of expansion (rapid growth) and contraction (a slowing of the growth rate) or recession, a time when business shrinks. This up-and-down movement of the economy is known as the business cycle. One cycle is generally defined as the time it takes the economy to go from a given point through a peak and a decline back to the same given point. Economists typically use the Gross Domestic Product (GDP) to measure the business cycle.
recurring fluctuations in economic activity consisting of recession and recovery and growth and decline
The business cycle is defined by the repetition of economic expansion and recession. The official cycles are determined by the National Bureau of Economic Research. Some investors believe in the cyclical nature of the economy and tune their investment strategies accordingly.
The periodic but irregular up and down movement in economic activity, measured by fluctuations in real GDP and other macroeconomic variables. Back to the top
A measure of the level of activity of a nation's economy, measured by the pattern of movement in real gross domestic product (GDP). The business cycle has three stages, namely recession, characterized by falling real GDP, recovery, the stage immediately following a recession in which real GDP is growing, but still below the previous peak, and expansion, where real GDP levels are above that of the previous peak.
the variations of the business economy as it expands and contracts, leading to prosperity, recession or depression
Recurring fluctuations in the pace of economic expansion measured by deviations of real GDP from trend.
It encompasses the length of time from peak business activity through the following trough and back to the next peak. So-called Kitchin cycles average about forty months in duration, but there are also very long Kondratieff cycles of perhaps sixty years. The private National Bureau of Economic Research is the official arbiter of the beginning and ending of business cycles in America.
The predictable long-term pattern of alternating periods of economic growth and decline, characterized by many factors, including changing employment, industrial productivity, and interest rates.
The fluctuation of economic activity over time. These fluctuations follow a very defined pattern. Starting from a peak, the level of activity falls marking the entry into a recessionary phase. Activity drops to a low point, or trough, from which positive growth resumes moving the economy into a recovery phase. Once the level of output surpasses the previous peak, the economy is characterized as being in an expansionary phase with positive growth continuing until a subsequent peak in activity is achieved.
The wavelike movement of increasing and decreasing economic prosperity consisting of four phases: expansion, recession, contraction and revival.
Alternating periods of expansion and decline in economic activity.
fluctuations in economic activity characterized by periods of economic boom and downturn.
The business cycle is the periodic but irregular up-and-down movement in production. The four phases of the business cycle are the trough, expansion (or recovery), peak, and recession. Back to the top
The period between peaks or troughs of macroeconomic activity.
Repetitive cycles of economic expansion and recession. The official peaks and troughs of the U.S. cycle are determined by the National Bureau of Economic Research in Cambridge, MA.
The economic upturn and downturn in the economy driven by demand and supply. Characterized by recession or depression, recovery and expansion followed by another round of either recession or depression.
A recurring cycle of economic conditions starting with credit expansion, economic activity becoming feverish, then depressed. Recovery occurs when the malinvestments and maladjustments have been corrected.
As measured by GNP. The recurring periods of expansion and contraction in economic activity which affect inflation, unemployment, business profits, and interest rates.
The long-term expansion/recession cycle characteristic of business conditions, both nationally and globally.
The tendency of an economy to experience periodic slowdowns in production, in which people lose jobs and demand for goods declines; also called the "boom/bust" cycle.. The business cycle has been a recurring phenomenon since the mid-nineteenth century.
A periodically repeated sequence of fluctuations in the aggregate economy of an area, or the nation as a whole, varying in duration, but consisting of: a) upturn, including recovery and prosperity b) cyclical peak c) downturn including recession and d) cyclical trough.
refers to the nature of capitalist societies to swing between periods of prosperity and depression
Fluctuations in the economy that follow the general pattern of prosperity, recession, depression and recovery. p. 49
fluctuations in economic activity characterized by alternating periods of economic prosperity and economic recession.
Fluctuations in overall business activity accompanied by swings in the unemployment rate, interest rates, and profits. Over a business cycle, real activity rises to a peak (its highest level during the cycle), then falls until it reaches its trough (its lowest level following the peak), whereupon it starts to rise again, defining a new cycle. Business cycles are irregular, varying in frequency, magnitude, and duration. (NBER)
the fluctuation of economic activity in the economy (sometimes with no regular periodicity)
The term used to describe short-term changes in the economic activity of an economy. Booms define periods of high levels of growth while recessions occur during times of negative economic growth.
The time period from the top of a Gross National Product rise to the bottom of a fall and back to the base line. See also Gross National Product.
A recurring economic period that is characterised by changes in the state of the economy, including recessions, booms, expansions and recoveries.
A period of time marked by long-term fluctuations in the total level of economic activity. Measures of business cycle activity include the rate of unemployment and the level of gross domestic product.
The ebb and flow of the economy through successive stages of recession and recovery. Economic activity tends to fluctuate. Periods when real GDP is falling are called recessions; periods when real GDP is rising are called recoveries. Fluctuations in the economy's growth rate are inevitable. However, economists disagree about how effective government fiscal policy and monetary policy can be in smoothing out those fluctuations.
The ups and downs of the economy that follow a cyclical pattern over the course of time.
The business cycle or economic cycle refers to the periodic fluctuations of economic activity about its long term growth trend. The involves shifts over time between periods of relatively rapid growth of output (recovery and prosperity), alternating with periods of relative stagnation or decline (contraction or recession). These fluctuations are often measured using the real gross domestic product.