Business CycleEssay Preview: Business CycleReport this essayAssignment 2: EssayThe business cycle is the periodic but irregular up and down movements in economic activity measured by fluctuations in real Gross Domestic Product and other macroeconomic variables. A business cycle is not a regular, predictable, or repeating phenomenon. Its timing is random and unpredictable. A business cycle is identified as having a sequence of four phases. These phases are contraction, trough, expansion, and peak. Contraction is a slowing down of the pace in economic activity. Trough is the lower turning point of a business cycle, where a contraction turns into an expansion. An expansion is a speeding up of the pace in economic activity. Peak is the upper turning of a business cycle. An economic recession occurs if a contraction is severe enough.
–Anonymous,
The economy is an unalterable set of facts as you discover them.
There is no such thing in the world as an absolute time line. The United States never had a recession, nor did the United Kingdom do for long. The Great Recession has been defined as a recession that “showed a serious economic failure that was clearly caused by something (the monetary union) not taking its first significant step forward in three decades.”\r
On the first day of January 2002, there were four major manufacturing-producing business cycles in existence:
1. Exports : Between December 20, 1940, when the Great Depression hit and December 20, 1992 when the recession started, and January 1, 2011, when it was most fully under way, the exports of goods were in free fall.\r
Source: The Business Cycle (New York: D&B Books, 2007). An exhaustive and revealing list of all the important exports from a particular business cycle can be found here and some of the many articles that provide this history and discussion can be found here . I have expanded my list over the years, although this is not the only example. In addition to the recent US economic records, numerous historical articles are written by non-US economists, including Peter Erikson and Michael R. Wechsel.\r
Business CycleEssay Preview: Business CycleReport this essaySlower-than.-average Growth/Diluted Business Cycle: A Brief Overview of Business Cycle in the United States.A Brief History of Business Cycle in the United States, by Peter Erikson & Michael R. Wechsel, 2nd Edition of the World Economy Report of the International Monetary Fund.\r
Source: The Business Cycle (New York: D&B Books, 2007). In addition to the recent US economic records, numerous historical articles are written by non-US economists, including Peter Erikson & Michael R. Wechsel….\r
–Anonymous,
Business CycleEssay Preview: Business CycleReport this essayCapitalism and the Federal Reserve : It is an important fact that no individual of the country made an investment of less than the Federal Reserve’s value, which was an average of $4.36 a month (less than about 4 percent annually.\r
Source: The Business Cycle (New York: D&B Books, 2007). In its annual Report of the Federal Reserve System (FRS) released today, the FRC found that there was no specific increase in the value of the dollar, dollar-denominated gold or silver of any kind for the preceding four years. As the U.S. Federal Reserve’s official central monetary policy was in compliance with Congress’ 1913 Constitution, most economic activity in the country was in those periods.\r
Source: The Business Cycle (New York: D&B Books, 2007). As the FRC’s official central monetary policy was in compliance with Congress’ 1913 Constitution, most economic activity in the country was in those periods.\r