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Trade cycle basics

Trade cycle basics

Business cycle graph of actual real GDP fluctuating around a rising long-run trend, with boom, slowdown, recession, recovery, and positive and negative output gaps labelled The trade cycle, or business cycle, is the repeated fluctuation of real GDP around the economy's long-run trend growth path. Here, "trade" means overall business activity across the economy, not mainly international trade.

2.5.3 Trade (business) cycle Lesson

  1. A Level
  2. /Economics
  3. /2.5.3 Trade (business) cycle