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Economics - Theme 2 (Macro Economics) > 2.5.3 - Trade (Business) Cycle > Flashcards

2.5.3 - Trade (Business) Cycle Flashcards

1
Q

What is the Trade Cycle?

A
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2
Q

What is a Boom?

A
  • Peak in economic activity
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3
Q

What is a Recession?

A
  • Fall in Real GDP for 2 consecutive quarters
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4
Q

What is a Recovery?

A
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5
Q

What is a Downturn?

A
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6
Q

Problems with Economic Cycles?

A
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Economics - Theme 2 (Macro Economics) (24 decks)

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