The business cycle in mc coy's class!
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The business cycle in mc coy's class!

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karissa, toneka, and carlos powerpoint!!!!

karissa, toneka, and carlos powerpoint!!!!

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The business cycle in mc coy's class! The business cycle in mc coy's class! Presentation Transcript

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