The business cycle in mc coy's class!

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The business cycle in mc coy's class!

  1. 1. The Business Cycle By: Toneka, Karissa, and Carlos
  2. 2. The four main phases of the business cycle <ul><li>Prosperity </li></ul><ul><li>Recession </li></ul><ul><li>Depression </li></ul><ul><li>Recovery </li></ul>
  3. 3. Prosperity <ul><li>It is known as expansion and peak prosperity. </li></ul><ul><li>Good time to start a business. </li></ul><ul><li>Increase of output of goods & services. </li></ul><ul><li>Increase in high consumer spending </li></ul><ul><li>Low unemployment. </li></ul>
  4. 4. Recession <ul><li>Period of economic slowdown. </li></ul><ul><li>Lasts for six months (two quarters) </li></ul><ul><li>Unemployment begins to rise. </li></ul><ul><li>Fewer goods and services are produced. </li></ul><ul><li>Consumer spending decreases. </li></ul><ul><li>Can end quickly or last a long time. </li></ul>
  5. 5. Depression <ul><li>A “deep” recession. </li></ul><ul><li>Consumer spending is low. </li></ul><ul><li>Unemployment is high. </li></ul><ul><li>Production of goods and services is low. </li></ul><ul><li>Poverty begins to increase. </li></ul><ul><li>Impossible to find a job </li></ul><ul><li>Some business’s are forced to shut down. </li></ul>
  6. 6. Recovery <ul><li>Economic growth starts to recover. </li></ul><ul><li>Reduced unemployment. </li></ul><ul><li>Increased consumer spending. </li></ul><ul><li>Moderate expansion by business’s. </li></ul><ul><li>Demand for goods increases. </li></ul><ul><li>People begin to find jobs. </li></ul>
  7. 7. Factors that affect the business cycle <ul><li>Affected by the actions of the govt., business’s, and consumers. </li></ul><ul><li>Business’s expand their operations during periods of recovery or prosperity. </li></ul>
  8. 8. cont. <ul><li>Consumers reduce their spending since business’s reduce their operations. </li></ul><ul><li>The government influences the business cycle through its polices and programs. </li></ul>
  9. 9. The global economy <ul><li>Global recession-when many countries go into recession at the same time. </li></ul><ul><li>Some countries may be able to recover faster than others. </li></ul>
  10. 10. Questions <ul><li>1. Name and explain the four main phases of the business cycle. </li></ul><ul><li>2. What are the other two names for prosperity? </li></ul><ul><li>3. How long does a recession last? </li></ul><ul><li>4. Who affects the business cycle? </li></ul><ul><li>5. Explain global recession in your own words. </li></ul>

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